BlackRock’s Bitcoin ETF Hits Record $875M Inflow; Are Ethereum ETFs a Flop?

Bitcoin is electrifying the market! After a recent dip in the crypto market, Bitcoin ETFs are gaining renewed momentum. BlackRock’s iShares Bitcoin Trust ETF (IBIT) hit a major milestone on Wednesday, attracting $875 million in new investments in a single day—a record-breaking achievement.

This influx, as reported by SoSoValue, marks the largest single-day inflow IBIT has seen, underscoring strong investor confidence amid Bitcoin’s latest rally. With this massive boost, IBIT’s total assets have now climbed above $30.8 billion, setting a new record for the fastest asset accumulation among ETFs.

BlackRock reached this landmark in just 293 days, breaking the prior record held by the JPMorgan Equity Premium Income ETF (JEPI), which took 1,272 days to achieve similar growth.

This seems like the beginning of a fresh new era. Read on to know more.

Bitcoin vs Ethereum ETFs

Despite Bitcoin’s slight dip of 1% to $72,320 on Thursday morning in London, the significant inflow suggests ongoing market momentum, particularly for Bitcoin-based ETFs. BlackRock’s IBIT saw more in a single day than nearly all of the 590 ETFs launched this year, with only seven accumulating similar levels of investment in all of 2024.

Ethereum Lags Behind

While IBIT leads in the crypto ETF space, other crypto-focused ETFs recorded more modest inflows. Fidelity’s Wise Origin Bitcoin Fund (FBTC) brought in $12.57 million on Wednesday, raising its assets to $13.5 billion. Meanwhile, Ethereum-focused ETFs continue to see lower demand.

BlackRock’s iShares Ethereum Trust ETF (ETHA) recorded no new inflows on Wednesday, and Fidelity’s Ethereum Fund (FETH) saw only $5.6 million in new investments, just keeping it in positive territory.

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Once Again – Bitcoin Takes the Lead!

This contrast between Bitcoin and Ethereum ETF inflows highlights Bitcoin’s stronger appeal to institutional investors, suggesting a clear preference for BTC-focused products.

While IBIT’s record-breaking success stirs optimism for Bitcoin’s future, Ethereum’s slower performance suggests it may need more time and broader interest to gain similar traction.

Will Ethereum ETFs eventually catch up to Bitcoin ETFs, or will Bitcoin maintain its lead? Tell us what your preference is.