$1.2B Floods Into Bitcoin ETFs as BTC Shatters Dollar-Denominated ATH

Wall Street's crypto love affair hits fever pitch as institutional cash pours into Bitcoin ETFs.

The dam breaks

Digital asset funds just saw their biggest single-day haul since the SEC caved to inevitable approval—$1.2 billion rushing in as Bitcoin's dollar price printed new all-time highs. Traders are voting with their wallets, and the message is clear: the 'digital gold' narrative now wears a three-piece suit.

Main Street plays catch-up

While crypto OGs smirk at latecomers paying ETF management fees, traditional finance is finally getting its on-ramp. The irony? This institutional stampede arrives just as Bitcoin completes its latest halving cycle—proving once again that Wall Street always shows up after the easy money's been made.

BlackRock’s IBIT led the day with $448.5 million inflows and over $5 billion in trading volume, twice its usual daily average.

IBIT is now just shy of $80 billion in assets under management and holds over 700,000 Bitcoin, a record high. For context, it took SPDR Gold Shares (GLD), the largest gold ETF, more than 15 years to reach a similar level.

Meanwhile, other bitcoin ETF issuers like Fidelity’s FBTC also recorded strong performance on the day, with $324.34 million in inflows, while Ark 21Shares’ ARKB pulled in $268.7 million in fresh capital.

The surge in Bitcoin ETF activity appears to be a clear sign of institutional interest, spurred by the broader market rally.

Bloomberg’s ETF analyst, Eric Balchunas, emphasized that the influx of new funds into these ETFs is a significant accomplishment, pointing out that while market appreciation can boost assets, attracting new investors requires convincing them to buy.

He explained:

“Assets can increase just from market appreciation, but net flows are like net sales, you have to convince people to buy the ETF. Today, they’re over $40 billion, and with market appreciation, they’re now around $120 billion. That’s astonishing. Gold took over a decade to hit that number.”

Considering this, Balchunas predicts the Bitcoin ETFs could surpass gold funds in assets within the next 3 to 5 years.

Ethereum ETFs

Ethereum ETFs also performed strongly on the day, with the nine US spot ethereum funds collectively attracting over $383 million in inflows. According to SoSo Value data, this is their second-best day performance since they launched last year.

BlackRock’s iShares Ethereum Trust (ETHA) was at the center of this momentum. The fund brought in more than $300 million of the total inflows and saw its volume climb to over $800 million for two consecutive days.

Meanwhile, other issuers like Grayscale, Fidelity, Bitwise, and VanEck all saw inflows of $38 million, $37.2 million, $3.2 million, and $2 million, respectively.

Nate Geraci, the president of NovaDius Wealth, pointed out:

“Financial advisors, who control enormous amount of [dollars], have barely even begun allocating to btc & eth ETFs… Major platforms such as Vanguard are still gatekeeping these ETFs (which is laughable IMO). And we’re still seeing NEAR record inflows.”