Ethereum, Bitcoin ETFs see biggest inflows since the start of the year

Bitcoin and Ethereum ETFs registered more than a billion in net inflows, the highest level since November 2024.

Bitcoin’s (BTC) all-time high has led to major inflows in crypto ETFs. On Thursday, May 22, net inflows for spot Bitcoin and Ethereum (ETH) exchange-traded funds were at more than $1 billion. This is the best performance that ETFs have seen since November 2024.

Inflows in spot Bitcoin ETFs dominated, with a daily inflow of $934 million, which is their best performance since January 17. This brings the total assets under management of spot Bitcoin ETFs to $104 billion.

Total Bitcoin spot ETF net inflows | Source: CoinGlass

The biggest ETF gainer was BlackRock’s IBIT fund, currently holding 651,620 individual Bitcoins. These inflows recently helped BlackRock overtake Binance as the second-biggest Bitcoin holder . Currently, only Satoshi Nakamoto’s inactive wallet address holds more Bitcoin, or 1.123 million. Interestingly, Michael Saylor’s Strategy is in fourth place, with 576 Bitcoins.

Ethereum ETFs see five days of positive inflows

Ethereum ETFs, on the other hand, registered 110 million in net inflows, the biggest single-day gain since February 4. The biggest gainer among ETFs was Grayscale’s ETHE fund, with $43.7 million in net inflows.

Total Ethereum spot ETF net inflows | Source: CoinGlass

This marks the fifth consecutive day of positive inflows for Ethereum ETFs. These funds currently hold a total of $10.07 billion in assets under management. This followed a strong ETH price performance, registering a 44% gain since the start of May. This suggests continued interest in Ethereum, even as several other tokens could be getting their spot ETFs soon.

Traders appear to be jumping in to take advantage of Bitcoin’s bull market rally, which hit a new all-time high on May 22 at $111,970. Notably, crypto markets have remained resilient despite a general retreat in the stock market, as U.S. government debt and tariffs rattle the markets.