Spot Bitcoin & Ethereum ETFs Smash Records: $20B Inflows Dominate All Asset Classes Since April

Crypto ETFs just schooled traditional finance—again.

Spot Bitcoin and Ethereum funds vacuumed up $20 billion in fresh capital since April, leaving stocks, bonds, and gold ETFs choking on their dust. Wall Street's 'safe' bets? Not so much.

Here's the kicker: This tidal wave hit during what was supposed to be a 'risk-off' quarter. While hedge funds twiddled thumbs waiting for Fed signals, crypto investors deployed capital like they had inside information (they didn't—just conviction).

The institutional floodgates are wide open now. Even your conservative aunt's pension fund manager is probably sneaking crypto exposure through these ETFs—while still publicly calling it a 'speculative asset class,' naturally.

One cynical footnote: The same banks that spent years dismissing crypto now collect fat fees custodying these ETF assets. The revolution will be monetized.

Bitcoin ETFs top gold by speed of inflows

Since the launch of bitcoin ETFs, inflows have surged rapidly. A chart shared by Phil Rosen shows the pace of growth compared to gold ETFs. Over the past 13 years, gold ETFs have attracted approximately $70 billion in inflows. By comparison, Bitcoin ETFs have accumulated $50 billion in just 150 trading days since their launch.

Investors are piling into bitcoin ETFs way faster than gold. $BTC is taking over Wall Street at a historic rate.

(h/t @Todd_Sohn) pic.twitter.com/uEbErAmydd

Still, Gold ETFs continue to dominate in terms of assets under management. For instance, the largest among them, the SPDR Gold Shares ETF, has $102.12 billion in AUM alone. The second largest, BlackRock’s iShares Gold Trust, has $47.75 billion in AUM.

This suggests that while Bitcoin has gained ground as a macro hedge, it still has a long way to go before it can rival gold as a dominant store of value.