On a fine Thursday, as the sun rose over the land of opportunity, the U.S. spot Bitcoin and Ethereum exchange-traded funds (ETFs) saw a jaw-dropping $1.05 billion in fresh inflows. It was the kind of day that made you want to dance a jig, for it marked the highest daily influx since the cold days of January. Bitcoin (BTC), that mischievous rascal, hit a new all-time high, while Ethereum (ETH) strutted its stuff with its best performance in months. Who knew digital coins could throw such a party? 🎉
On May 22, the spot Bitcoin ETFs lured in a hefty $934.8 million, according to the wise folks at Sosovalue. This was the most significant inflow since January 17, just before Bitcoin decided to take a leap into the stratosphere. BlackRock’s IBIT was the star of the show, gobbling up a staggering $877.2 million. Fidelity’s FBTC and Ark Invest’s ARKB trailed behind like eager puppies, bringing in $48.7 million and $8.9 million, respectively. Meanwhile, other funds were left standing in the corner, wondering what went wrong. 🐶
BlackRock’s IBIT has been on a meteoric rise, entering the top five ETFs by year-to-date flows faster than a cat chasing a laser pointer. Bloomberg’s senior ETF Analyst, Eric Balchunas, likened it to Pac-Man, munching its way through over $7.7 billion since April 22. Now, the fund’s assets under management (AUM) have ballooned to a whopping $68.7 billion. If only my bank account could experience such growth! 💸
The latest inflows have extended the streak for spot Bitcoin ETFs to seven consecutive days, totaling a mind-boggling $3.2 billion. Year-to-date inflows for the fund now stand at $9.1 billion, while cumulative inflows since their debut in January have reached a staggering $44.6 billion. It’s like watching a snowball roll down a hill, only this one is made of cash! ❄️💵
Meanwhile, U.S. spot Ethereum ETFs are also getting in on the action, recording $110.5 million in net inflows on Thursday—their largest daily influx since February 4. This surge comes as Ethereum enjoys its most positive price action in recent months. Grayscale’s ETHE and ETH products attracted $43.7 million and $18.9 million, respectively, while Fidelity’s FETH brought in $42.2 million. Bitwise’s ETHW added a modest $5.7 million to the mix. However, other funds, including BlackRock’s ETHA, were left with empty pockets. 😅
The positive momentum for Ethereum ETFs continues, marking a five-day streak that has accumulated $211.8 million. Year-to-date inflows now total $61.9 million, bringing the total cumulative flows for spot Ethereum ETFs to $2.7 billion. It seems like everyone wants a piece of the digital pie! 🥧
Also read: Bitcoin Price Drops Below $109K: What could be the Reason?
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2025-05-23 16:05