Bitcoin, Ether ETFs Pull In $706 Million as Crypto Demand Surges

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U.S. spot bitcoin ETFs drew $517.19 million on Wednesday, their strongest daily inflow since May 4, as bitcoin climbed above $70,000. Ether funds also surged with $189.15 million in net inflows, while XRP and solana ETFs finished higher.

Key Takeaways

  • Blackrock led $517.19M into bitcoin exchange-traded funds (ETFs), the strongest daily inflow since May 4.
  • Bitcoin topped $70,000 as ether added $189.15M, broadening institutional risk-on demand.
  • HYPE lost $1.97M despite Trump’s remarks; U.S. compliance could determine whether flows reverse.

Bitcoin ETFs Add $517M as Bitcoin Breaks Above $70,000

A price breakout quickly turned into an ETF surge.

Bitcoin’s push above $70,000 brought institutional money back at scale, with eight U.S. spot funds attracting fresh capital and none reporting an outflow. Ether joined the rally as ETH moved above $2,000, helping drive one of the strongest combined sessions for the two largest crypto ETF markets in months.

Blackrock Leads $517 Million Bitcoin Inflow

Blackrock’s IBIT remained the preferred vehicle, pulling in $284.74 million, more than half of bitcoin’s daily total. ARK 21Shares’ ARKB added $77.71 million, while Fidelity’s FBTC attracted $62.41 million. Bitwise’s BITB followed with $35.60 million.

Grayscale’s GBTC and Bitcoin Mini Trust added $21.18 million and $19.66 million, respectively. Morgan Stanley’s MSBT brought in $9.98 million, while Franklin Templeton’s EZBC completed the inflows with $5.92 million.

Trading activity exploded alongside the price move. Bitcoin ETF turnover reached $6.89 billion, while combined net assets climbed to $84.31 billion, about $5 billion above Tuesday’s level. This week, bitcoin ETFs have seen exactly $1 billion flow in over three trading sessions.

Bitcoin, Ether ETFs Pull In $706 Million as Crypto Demand SurgesThree days of straight inflows have seen bitcoin ETFs pull in $1 billion.

Ether ETFs delivered a similarly broad advance. Blackrock’s ETHA collected $122.12 million, while Fidelity’s FETH added $36.54 million. Grayscale’s Ether Mini Trust attracted $16.04 million, and Blackrock’s ETHB brought in $9.71 million.

Smaller additions came through Morgan Stanley’s MSSE, Grayscale’s ETHE and Franklin Templeton’s EZET. No ether fund recorded an outflow. Total trading value reached $2.14 billion, while net assets rose to $12.06 billion.

XRP and Solana Rise as HYPE Faces Selling

XRP ETFs added $2.35 million, split almost evenly between Bitwise’s XRP fund and Franklin Templeton’s XRPZ. Net assets moved back above a billion to $1.01 billion.

Solana ETFs finished with a $2.10 million inflow. Bitwise’s BSOL attracted $5.63 million, offsetting withdrawals of $3.12 million from Grayscale’s GSOL and about $415,000 from Invesco’s QSOL.

HYPE ETFs moved against the broader trend with a $1.97 million outflow.

That selling arrived alongside a favorable regulatory signal for Hyperliquid. Speaking at a White House event with technology leaders, President Donald Trump said CFTC Chairman Mike Selig was working to bring Hyperliquid into the U.S. “in a fully compliant and legal fashion.” HYPE briefly jumped from around $62 to $72.30 following the remarks, a gain of roughly 16%.

Wednesday’s session showed how quickly momentum can return when price and institutional demand align. Bitcoin and ether captured the bulk of the capital, while XRP and solana also benefited from the broader risk-on move.

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