Bitcoin and Ether ETF funds recorded the second largest inflow day in history

BlackRock's Bitcoin and Ether funds are the biggest beneficiaries of the capital inflow on Thursday.

Investors in Bitcoin and Ether poured money into their cryptocurrency investment funds on Thursday, marking the second largest daily inflow since their inception.

According to Farside Investors, the inflow into Bitcoin spot exchange-traded funds in the U.S. totaled $1.17 billion, of which $448 million came from BlackRock's iShares Bitcoin Trust (IBIT) and $324 million came from Fidelity's Wise Origin Bitcoin Fund. This near-record inflow occurred as Bitcoin surpassed the $113,800 mark, setting a new high and continuing to rise through Friday.

This inflow ranks second only to the $1.37 billion recorded on November 7, 2024, when Donald Trump won the U.S. presidential election.

Meanwhile, Ether spot ETFs saw a total net inflow of $383.1 million on Thursday, marking the second highest net inflow in history for these funds.

The majority of the inflow came from BlackRock's iShares Ethereum Trust (ETHA), with a net inflow of $300.9 million - the highest daily inflow ever recorded.

In a post on Friday X, NovaDius Wealth Management President Nate Geraci said the near-record inflow occurred despite the reluctance of long-time financial advisors to offer Bitcoin or Ether spot ETFs.

Geraci added: "Major platforms like Vanguard are still controlling these ETFs."