Spot Bitcoin and Ethereum ETFs Attract Record Investments
Investor enthusiasm for Bitcoin (BTC) and Ethereum (ETH) has soared, pouring over $1 billion into exchange-traded funds (ETFs) on May 22. This is their best day since November 2024.
Bitcoin ETFs attracted the most attention, with a hefty $934 million inflow.The total assets under management in these ETFs now top $104 billion. BlackRock’s IBIT fund took the lead, accumulating 651,620 Bitcoins—a haul that recently helped it surpass binance to become the second-largest Bitcoin holder. Satoshi Nakamoto’s inactive wallet still holds more, at 1.123 million BTC.
Ethereum ETFs also saw significant gains, with $110 million in net inflows. This is the largest single-day gain as February 4. Grayscale’s ETHE fund was the top performer,securing $43.7 million in inflows. This positive trend has continued for five straight days.
the rise in Bitcoin ETF investments coincides with BTC hitting a new all-time high of $111,970. Meanwhile, Ethereum has seen a 44% price increase since early May, attracting sustained interest in the token.
These inflows suggest that traders are capitalizing on the crypto bull market,even as the stock market faces challenges due to U.S. government debt and tariffs.
With several other tokens perhaps launching spot ETFs soon,the crypto market appears to be on a strong upward trend.
