Bitcoin News Today: Ether ETFs Surpass Bitcoin ETFs With 14.6% Higher Daily Inflows

In a notable development, ether exchange-traded funds (ETFs) surpassed bitcoin ETFs in daily inflows for the first time, attracting $602 million compared to bitcoin’s $523 million. This shift highlights a growing institutional interest in digital assets, with combined crypto ETF inflows reaching $1.1 billion.

This milestone marks the first instance where ether ETFs have outpaced bitcoin ETFs in daily inflows. Ether funds accumulated $602.02 million, slightly surpassing bitcoin’s $522.60 million, resulting in total crypto ETF inflows exceeding $1.1 billion for the day.

Blackrock’s ETHA led the ether ETFs with $546.70 million in inflows. Grayscale’s Ether Mini Trust followed with $29.90 million, and Fidelity’s FETH brought in $17.19 million. Smaller but consistent inflows were seen from Bitwise’s ETHW ($4.44 million) and 21shares’ CETH ($3.78 million). The trading volume remained at $2.29 billion, pushing ether ETF net assets to a record $17.32 billion.

Despite being outpaced on this particular day, bitcoin ETFs maintained their momentum with $522.60 million in net inflows, marking the 11th consecutive day of positive flows. Blackrock’s IBIT captured the majority with $497.30 million, while Fidelity’s FBTC ($7.83 million), Invesco’s BTCO ($7.12 million), Grayscale’s Bitcoin Mini Trust ($5.27 million), and Vaneck’s HODL ($5.08 million) also saw significant inflows. No outflows were recorded, and total trading volume reached $3.76 billion, with bitcoin ETF net assets rising to $154.61 billion.

This shift in daily inflows underscores the intensifying competition between ether and bitcoin ETFs. It is evident that institutional demand for digital assets is robust, with both ether and bitcoin ETFs experiencing substantial inflows. This trend suggests a growing acceptance and investment in the crypto market by institutional investors, who are increasingly diversifying their portfolios to include both major cryptocurrencies.