Ether ETF Inflows Reach All-Time High as Bitcoin Gains Traction, BTC Poised for $90K

Bitcoin and ether exchange-traded funds (ETFs) saw massive inflows during one of the most significant trading days in Bitcoin’s history, as investors poured money into U.S. spot crypto ETFs on Monday. Bitcoin (BTC), the largest cryptocurrency by market cap, reached a record price just shy of $90,000.

Ether (ETH) ETFs broke records with $295.5 million in inflows, with BlackRock’s ETHA and Fidelity’s FETH each collecting $100 million, according to data from Farside Investors.

Bitcoin ETFs saw a staggering $1.1 billion in inflows, the second-highest on record, as Bitcoin’s market cap surged to a new high of $1.78 trillion, surpassing silver and becoming the eighth-largest asset in the world. The bulk of the inflows, $765.5 million, went into the iShares Bitcoin Trust (IBIT), while Fidelity’s FBTC attracted $135.1 million.

“Assets in U.S. spot Bitcoin ETFs have reached $84 billion, which is two-thirds of the total held by gold ETFs. These funds could actually surpass gold ETFs sooner than expected, possibly within their first year, instead of the previously predicted 3-4 years,” noted Eric Balchunas, a senior analyst at Bloomberg, in a post on X.

The record-breaking day wasn’t limited to crypto ETFs. MicroStrategy (MSTR), the company with the largest Bitcoin holdings, saw its stock hit a record high, while Coinbase (COIN) climbed past $320 per share, a level not seen since November 2021.

“The Bitcoin Industrial Complex — ETFs, MSTR, and COIN — saw $38 billion in trading volume today, breaking all-time records, including $4.5 billion for IBIT. This signals a strong week of inflows ahead. It was an incredible day that deserves its own name, like ‘Volmageddon,’” Balchunas remarked in another post.

As of the latest data, Bitcoin is trading around $88,000, with Ether near $3,400.

  • Related Posts

    The recent dip saw buyers acquire upwards of 400,000 Bitcoin between $60K and $70K

    Blockchain data from Glassnode reveals a sharp increase in accumulation as Bitcoin traded between $60,000 and $70,000 during its latest correction. Holdings within that price band have grown from about…

    Continue reading
    Mounting Pressure Across Digital Assets Leaves Bitcoin Hovering Above Forced-Sell Levels

    Bitcoin extended its pullback for a fourth consecutive day, sliding toward $63,000 as a stronger U.S. dollar and softer equity markets pressured risk assets worldwide. Traders caution that a clear…

    Continue reading
    You have not selected any currencies to display