Bitcoin and Ethereum investors flocked to their respective crypto-themed funds on Thursday (July 10), setting a record for the second-largest single-day inflow since the funds' inception.
According to Farside Investors, the total inflow into U.S. spot Bitcoin exchange-traded funds reached $1.17 billion, with $448 million coming from BlackRock's iShares Bitcoin Trust ETF (IBIT) and $324 million from Fidelity's Wise Origin Bitcoin Fund. This near-record inflow coincided with Bitcoin's price breaking $113,800, reaching a new high and continuing to strengthen on Friday.
This inflow is only surpassed by the $1.37 billion on November 7, 2024, the day Trump won the U.S. presidential election.
Meanwhile, Ethereum spot ETFs recorded a total net inflow of $383.1 million on Thursday, also marking the second-highest net inflow in the history of such funds.
The largest share of the inflow came from BlackRock's iShares Ethereum Trust ETF (ETHA), which saw a net inflow of $300.9 million—setting a record for its highest single-day inflow ever.
Nate Geraci, president of NovaDius Wealth Management, noted in a post on the X platform on Friday that despite traditional financial advisors remaining cautious about offering Bitcoin or Ethereum spot ETFs, this near-record inflow still occurred.
Geraci added, "Major platforms like Vanguard are still implementing access restrictions on these ETFs."
Bitcoin and Ethereum spot ETFs are absorbing the net issuance of their respective tokens.
According to Ethereum tracking site Ultra Sound Money, the net issuance of ETH in the past 24 hours was 2,110 ETH, valued at approximately $6.33 million.
This figure is far below the total net inflow of $383.1 million for Ethereum spot ETFs on Thursday (July 10).
At the same time, according to a report by Galaxy Research, Strategy and U.S. Bitcoin ETFs collectively purchased $28.22 billion worth of Bitcoin by 2025, while the net issuance from Bitcoin miners during the same period was only $7.85 billion.
Related: Bitcoin (BTC) hits a new high of 112,000 USDT | Gate platform supports Pump.fun token public sale
Original article: “Bitcoin (BTC) and Ethereum (ETH) ETFs record second-largest single-day inflow in history”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
