Ethereum, Bitcoin ETFs see biggest inflows since the start of the year
Bitcoin and Ethereum ETFs registered more than a billion in net inflows, the highest level since November 2024.
Bitcoin’s (BTC) all-time high has led to major inflows in crypto ETFs. On Thursday, May 22, net inflows for spot Bitcoin and Ethereum (ETH) exchange-traded funds were at more than $1 billion. This is the best performance that ETFs have seen since November 2024.
Inflows in spot Bitcoin ETFs dominated, with a daily inflow of $934 million, which is their best performance since January 17. This brings the total assets under management of spot Bitcoin ETFs to $104 billion.
Total Bitcoin spot ETF net inflows | Source: CoinGlass
The biggest ETF gainer was BlackRock’s IBIT fund, currently holding 651,620 individual Bitcoins. These inflows recently helped BlackRock overtake Binance as the second-biggest Bitcoin holder . Currently, only Satoshi Nakamoto’s inactive wallet address holds more Bitcoin, or 1.123 million. Interestingly, Michael Saylor’s Strategy is in fourth place, with 576 Bitcoins.
Ethereum ETFs see five days of positive inflows
Ethereum ETFs, on the other hand, registered 110 million in net inflows, the biggest single-day gain since February 4. The biggest gainer among ETFs was Grayscale’s ETHE fund, with $43.7 million in net inflows.
This marks the fifth consecutive day of positive inflows for Ethereum ETFs. These funds currently hold a total of $10.07 billion in assets under management. This followed a strong ETH price performance, registering a 44% gain since the start of May. This suggests continued interest in Ethereum, even as several other tokens could be getting their spot ETFs soon.
Traders appear to be jumping in to take advantage of Bitcoin’s bull market rally, which hit a new all-time high on May 22 at $111,970. Notably, crypto markets have remained resilient despite a general retreat in the stock market, as U.S. government debt and tariffs rattle the markets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto Market in "Extreme Fear" as Market Braces for Bitcoin to Drop Towards $80,000
The cryptocurrency market is crowded with investors who have suffered such deep losses that they cannot continue buying in, yet are unwilling to cut their losses.
Arthur Hayes’ New Article: BTC May Drop to 80,000 Before Kicking Off a New Round of “Money Printing” Rally
The bulls are right; over time, the money printer will inevitably go “brrrr.”
Mars Morning News | Federal Reserve officials divided on December rate cut, at least three dissenting votes, Bitcoin's expected decline may extend to $80,000
Bitcoin and Ethereum prices have experienced significant declines, with disagreements over Federal Reserve interest rate policies increasing market uncertainty. The mainstream crypto treasury company mNAV fell below 1, and traders are showing strong bearish sentiment. Vitalik criticized FTX for violating Ethereum’s decentralization principles. The supply of PYUSD has surged, with PayPal continuing to strengthen its presence in the stablecoin market. Summary generated by Mars AI. This summary was produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
"Sell-off" countdown: 61,000 BTC about to be dumped—why is it much scarier than "Mt. Gox"?
The UK government plans to sell 61,000 seized bitcoins to fill its fiscal gap, which will result in long-term selling pressure on the market.
Trending news
MoreCrypto prices
More
