#BTCBreaksATH Bitcoin and Ether ETFs register the second largest capital inflow day in history.
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Bitcoin and Ether ETFs recorded their second largest net inflow day in history on Thursday, as Bitcoin reached new highs.
#ShariaEarn Bitcoin and Ether investors bought exchange-traded funds (ETFs) of cryptocurrencies on Thursday, marking the second largest daily inflow since the funds' inception.
In the U.S., inflows into spot Bitcoin ETFs totaled $1.17 billion, of which $448 million came from BlackRock's iShares Bitcoin Trust (IBIT) and $324 million from Fidelity's Wise Origin Bitcoin Fund, according to Farside Investors. These near-record inflows occurred as Bitcoin surpassed $113,800, establishing new highs and continuing its rally into Friday.
The inflows are only surpassed by the $1.37 billion recorded on November 7, 2024, when Donald Trump won the U.S. presidential election.
Meanwhile, spot Ether ETFs recorded a total net inflow of $383.1 million on Thursday, which also represents the second highest net inflow in the history of these funds.
Most of the inflows came from BlackRock's iShares Ethereum Trust (ETHA), which recorded $300.9 million in net inflows, its largest daily inflow ever recorded.
In a Friday post on X, Nate Geraci, president of NovaDius Wealth Management, said that the near-record inflows occurred despite traditional financial advisors' reluctance to offer spot Bitcoin or Ether ETFs.
"Major platforms, such as Vanguard, continue to control access to these ETFs," added Geraci.