Well, it looks like the tide might be turning for crypto ETFs. After a bit of a slow start to the month, institutional money seems to be finding its way back in. And not just a trickle, either—we’re talking some serious figures here.
Bitcoin ETFs Lead the Charge
According to data from SoSoValue, spot Bitcoin ETFs pulled in over $642 million in net inflows just this past Friday. That makes it five straight days of gains. Maybe investors are feeling a bit more confident again. Cumulative net inflows have now reached a staggering $56.83 billion. Total net assets for these funds are sitting at $153.18 billion. To put that in perspective, that’s about 6.62% of Bitcoin’s entire market cap. Not insignificant.
Fidelity’s FBTC and BlackRock’s IBIT were the big winners. FBTC led with $315 million in new money, while IBIT wasn’t far behind with nearly $265 million. Trading volume across all these funds was huge—almost $3.9 billion for the day. Both of those top funds also saw their values climb by more than 2%. It feels like a real shift from the uncertainty we saw earlier.
Ether Isn’t Being Left Out
It wasn’t just a Bitcoin story, though. Spot Ether ETFs had a strong day too, recording over $405 million in net inflows. That’s their fourth consecutive day of positive movement. Total inflows for Ether products have now crossed $13 billion, with net assets around $30.35 billion.
BlackRock’s ETHA and Fidelity’s FETH were the standouts here, each bringing in around $165 to $168 million. ETHA alone saw $1.86 billion in value traded. That kind of activity suggests people are paying closer attention to Ethereum-based investment products now.
Vincent Liu, chief investment officer at Kronos Research, pointed out that these consistent inflows show growing institutional comfort with crypto. He mentioned that if broader economic conditions stay stable, this could really help with market liquidity and momentum for both Bitcoin and Ether.
What’s Next? Tokenization on the Radar
And it seems the innovation—or maybe just exploration—isn’t stopping. BlackRock is reportedly looking into tokenizing ETFs on blockchain networks. You know, making fund shares into tokens that can trade on-chain. They’re especially interested in funds tied to real-world assets.
It’s an interesting idea. It could allow for 24/7 trading and even let these products interact with DeFi apps. But of course, regulation is going to be a major question. It’s still very early, and there are plenty of hurdles ahead.
Still, it shows that the big players are thinking about what’s next. And for now, the flows are telling a pretty clear story: institutional appetite might be picking up again.
