The net inflows on Thursday were most advantageous to BlackRock’s Bitcoin and Ether funds.
On Thursday, investors in Bitcoin and Ether poured into their respective crypto-themed funds, resulting in the second-largest daily inflows since their inception.
According to Farside Investors, the total inflows of US spot Bitcoin exchange-traded funds were $1.17 billion. BlackRock’s iShares Bitcoin Trust ETF (IBIT) contributed $448 million, while Fidelity’s Wise Origin Bitcoin Fund contributed $324 million.
The near-record inflows occurred as Bitcoin reached a new peak of $113,800 and continued to rally into Friday.
The inflows are second only to the $1.37 billion that was recorded on Nov. 7, 2024, when Donald Trump emerged victorious in the United States presidential election.
Furthermore, the Ether spot ETFs experienced a total net inflow of $383.1 million on Thursday, the second-highest net inflow in the history of the funds.
BlackRock’s iShares Ethereum Trust ETF (ETHA) received the majority of inflows, with a net inflow of $300.9 million, the most significant daily inflow on record.
Nate Geraci, president of NovaDius Wealth Management, stated in a Friday X post that the near-record inflows occurred despite the reluctance of legacy financial advisers to offer Bitcoin or Ether spot ETFs.
“Major platforms like Vanguard are still gating these ETFs,” Geraci continued.
Bitcoin demand surpasses production.
Both Bitcoin and Ether spot ETFs are absorbing the net issuance of their respective currencies.
According to Ultra Sound Money, the Ethereum monitoring website, the net issuance of ETH in the past 24 hours was 2,110 ETH, equivalent to approximately $6.33 million.
This surpassed the total net inflow of total net infloon into Ether spot ETFs on Thursday.
Galaxy Research has reported that Bitcoin miners’ net new issuance during the same period has amounted to $7.85 billion, while Strategy and the US Bitcoin ETFs have collectively purchased Bitcoin worth $28.22 billion in 2025.
