BlackRock’s Crypto ETFs Lead the Charge Amid Bitcoin Rally
Bitcoin and Ether exchange-traded funds (ETFs) had their second-best day ever for net inflows on Thursday, signaling renewed institutional demand as crypto prices surged. The standout performer was BlackRock, whose Bitcoin and Ethereum funds attracted the bulk of investor interest.
Over $1.17 Billion Flows Into U.S. Spot Bitcoin ETFs
According to data from Farside Investors, U.S. spot Bitcoin ETFs saw a combined $1.17 billion in net inflows on Thursday alone. BlackRock’s iShares Bitcoin Trust (IBIT) led with $448 million, followed by Fidelity’s Wise Origin Bitcoin Fund, which added $324 million.
The surge in inflows came as Bitcoin prices soared above $113,800, setting a new all-time high and extending its bullish momentum into Friday. This marks the second-largest daily inflow on record for Bitcoin ETFs, only behind the $1.37 billion influx recorded on November 7, 2024, following Donald Trump’s U.S. presidential election win.
Ethereum ETFs Also Break Records
Ether-focused ETFs also posted their second-highest day of net inflows. On Thursday, spot Ethereum ETFs recorded $383.1 million in total inflows. BlackRock’s iShares Ethereum Trust (ETHA) was the top performer, pulling in a record-setting $300.9 million in a single day.
Despite limited access through major brokerage platforms, investors continue to show growing interest. Nate Geraci, president of NovaDius Wealth Management, highlighted on X that many financial advisors remain hesitant to recommend these crypto ETFs, while platforms like Vanguard still restrict access.
ETF Demand Surpasses Crypto Supply
The strong inflows aren’t just symbolic—they’re reshaping market dynamics. Spot Bitcoin and Ether ETFs are now absorbing more coins than are being newly issued.
In the last 24 hours, Ethereum’s net issuance was just 2,110 ETH (around $6.33 million), compared to the $383.1 million flowing into Ether ETFs on the same day, according to Ultra Sound Money.
Meanwhile, Galaxy Research reports that U.S. Bitcoin ETFs have accumulated $28.22 billion worth of BTC in 2025 so far, while miners have only issued $7.85 billion worth of new Bitcoin—underscoring how demand is far outpacing supply.
Institutional Interest Driving Bullish Momentum
The massive inflows into both Bitcoin and Ethereum ETFs highlight growing institutional confidence and retail investor enthusiasm amid rising crypto prices. As more capital flows into regulated crypto investment vehicles, supply-demand imbalances may continue to drive the market upward.
