According to data gathered from SoSoValue, these ETFs amassed an impressive $2.21 billion in combined inflows on Thursday and Friday, with $1.18 billion on Thursday and $1.03 billion on Friday. This marks the highest level of inflow within a two-day period since these funds began trading in January 2024.

Industry leader BlackRock’s IBIT fund was the main beneficiary of this surge, pulling in $953.5 million on Friday alone, which accounts for 95% of the total inflows. Having recently become the fastest ETF to reach $80 billion in assets under management, IBIT continues to outperform its peers. Notably, it is more than double the size of the second-largest fund, Fidelity’s FBTC.

Bitcoin’s price peaked at around $118,500 on Friday, establishing a new all-time high, before falling slightly to $117,400 on Saturday.

Despite Ethereum ETFs not matching Bitcoin funds in reaching a new high for total net asset value, they set a new record with a six-day inflow streak, reaching a high of $5.31 billion in total net inflows. BlackRock’s ETHA fund remains the largest spot Ethereum ETF in the market, with an AUM of $6.14 billion.

Experts suggest this shift may be indicative of growing confidence in BTC as a regulated, long-term asset akin to gold. However, this momentum may cool if the July 15 CPI data triggers profit-taking due to macro uncertainty.

Disclaimer: This article is intended for informational purposes only and should not be used as legal, tax, investment, financial, or other advice.

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