Key Points
- BlackRock’s IBIT dominated the spot bitcoin ETF market with record-breaking inflows of $642.87 million, contributing to a total of $870 million across all bitcoin ETFs – the largest daily inflow since June 2024.
- Spot ETF trading volumes showed significant growth, with bitcoin ETFs reaching $4.75 billion in total trading volume, while Ethereum ETFs saw modest gains with $280.55 million in volume.
Bitcoin ETF Market Shows Strong Momentum
BlackRock’s IBIT continues to lead the cryptocurrency ETF market, achieving its highest trading volume since March 14 with $3.36 billion in daily trades. The fund’s impressive performance on Tuesday marked its largest daily inflows in over seven months, contributing significantly to the overall market momentum.
Other major players in the spot bitcoin ETF space also recorded positive flows, with Fidelity’s FBTC attracting $133.86 million and Bitwise’s BITB securing $52.49 million in net inflows. VanEck’s HODL and Ark/21Shares’ ARKB also saw positive movements, with inflows of $16.52 million and $12.39 million respectively.
Ethereum ETF Market Shows Mixed Results
While the overall cryptocurrency ETF market showed strength, the Ethereum ETF segment presented a more nuanced picture. BlackRock’s ETHA emerged as the sole performer in the spot Ethereum ETF category, recording positive inflows of $13.62 million. However, this gain was partially offset by Grayscale’s ETHE, which experienced net outflows of $5.97 million.
The total Ethereum ETF market demonstrated growth in trading volume, reaching $280.55 million on Tuesday – a significant increase from Monday’s $187.49 million and Friday’s $189.88 million. This upward trend in trading volume suggests growing investor interest in Ethereum-based investment products, despite mixed flow patterns.
Market Volume and Trading Activity
The overall crypto ETF market showed substantial growth in trading activity, with the 12 spot bitcoin ETFs collectively reaching $4.75 billion in daily trading volume – a significant increase from the previous day’s $3 billion. This surge in trading volume, combined with strong net inflows, indicates growing institutional and retail investor confidence in cryptocurrency investment products.
