Bitcoin and Ether Spot ETFs See Near-Record Inflows Amidst Market Rally

On Thursday, both Bitcoin and Ether investors surged into their respective crypto-themed funds, marking one of the largest daily inflows since these funds were introduced. As cryptocurrency prices soared, demand for Bitcoin and Ether spot exchange-traded funds (ETFs) reached remarkable levels, underscoring growing institutional interest in these digital assets.

Record-Breaking Bitcoin Inflows
Bitcoin spot ETFs saw a total inflow of $1.17 billion on Thursday, with significant contributions from BlackRock’s iShares Bitcoin Trust ETF (IBIT) and Fidelity’s Wise Origin Bitcoin Fund. Specifically, $448 million came from IBIT, and $324 million flowed into the Wise Origin Bitcoin Fund, according to Farside Investors. This surge in investments coincided with Bitcoin reaching new highs, topping $113,800 and continuing its upward momentum into Friday.

These inflows came close to the all-time high of $1.37 billion recorded on November 7, 2024, the day after Donald Trump’s U.S. presidential election victory, highlighting the strong institutional demand for Bitcoin in recent months.

Ether wasn’t far behind in attracting significant inflows. Ether spot ETFs saw $383.1 million in net inflows, marking the second-highest daily inflow in the history of these funds. The bulk of the inflows came from BlackRock’s iShares Ethereum Trust ETF (ETHA), which recorded its largest daily inflow to date at $300.9 million. This shows growing investor confidence in Ether, even as traditional financial advisers remain hesitant to fully embrace Bitcoin and Ether spot ETFs.

In a recent X post, NovaDius Wealth Management president Nate Geraci commented on the reluctance of legacy financial platforms like Vanguard to offer Bitcoin or Ether spot ETFs, despite the strong performance of these assets.

The Growing Demand for Bitcoin and Ether Outpaces Production
The net issuance of Bitcoin and Ether is struggling to keep pace with the demand generated by these inflows.

According to Ethereum tracking site Ultra Sound Money, in the past 24 hours, Ethereum’s net issuance was 2,110 ETH, valued at roughly $6.33 million. This amount is substantially lower than the $383.1 million in net inflows Ether spot ETFs received on Thursday, signaling a strong demand relative to production.

For Bitcoin, the situation is similarly skewed. In 2025, Bitcoin ETFs and institutional strategies have collectively purchased Bitcoin worth $28.22 billion, while Bitcoin miners have only issued $7.85 billion in new coins, according to Galaxy Research. This imbalance suggests that institutional players are absorbing Bitcoin at a faster rate than miners can produce it.

As Bitcoin and Ether continue to set new highs, the massive inflows into their respective spot ETFs reflect a significant shift in the market. Despite some hesitance from traditional financial players, the growing institutional adoption of these digital assets is clear. The discrepancy between production and demand further highlights the increasing dominance of institutional investors in the cryptocurrency space, signaling a new chapter for the digital asset market.