Bitcoin and Ethereum investors made substantial purchases through their respective crypto-focused funds on Thursday, resulting in the second-largest daily inflows since these products were introduced.

US spot Bitcoin ETFs recorded $1.17 billion in inflows, including $448 million from BlackRock’s iShares Bitcoin Trust ETF (IBIT) and $324 million from Fidelity’s Wise Origin Bitcoin Fund, according to Farside Investors. These inflows coincided with Bitcoin reaching $113,800 and continuing its rally into Friday.

The figure trails only the $1.37 billion seen on November 7, 2024, following Donald Trump’s victory in the US presidential election.

Ether spot ETFs also posted their second-highest net inflow on record Thursday, with a combined total of $383.1 million.

The majority of Ether ETF inflows came from BlackRock’s iShares Ethereum Trust ETF (ETHA), which attracted $300.9 million—its highest single-day inflow to date.

In a Friday X post, NovaDius Wealth Management president Nate Geraci noted that these strong inflows occurred despite the reluctance of traditional financial advisers to embrace Bitcoin or Ether spot ETFs. “Major platforms such as Vanguard are still gatekeeping these ETFs,” Geraci added.

Both Bitcoin and Ether spot ETFs are now absorbing more than the net issuance of their respective cryptocurrencies.

Over the past 24 hours, Ethereum’s net issuance reached 2,110 ETH, valued at approximately $6.33 million, according to data from Ultra Sound Money. This figure is far below the $383.1 million that flowed into Ether spot ETFs on the same day.

Meanwhile, US Bitcoin ETFs and Strategy have acquired $28.22 billion worth of Bitcoin so far in 2025, compared to just $7.85 billion in net new issuance by Bitcoin miners, according to Galaxy Research.

Sources:

https://cointelegraph.com/news/bitcoin-ether-etfs-record-second-biggest-day-of-inflows

https://x.com/glxyresearch/status/1942293133255151616

https://x.com/NateGeraci/status/1943496105339080879

https://ultrasound.money/?timeFrame=d1

https://farside.co.uk/btc/