Bitcoin and ether ETFs saw explosive inflows on Monday, marking one of the most significant days in Bitcoin’s history as the token neared a record high of $90,000.
Ether (ETH) ETFs saw an all-time high in inflows, reaching $295.5 million. BlackRock’s ETHA and Fidelity’s FETH each attracted $100 million, according to data from Farside Investors.
Bitcoin ETFs also saw record-breaking inflows, pulling in $1.1 billion—making it the second-largest single-day total on record, according to data from SoSoValue. This surge coincided with Bitcoin’s market cap reaching $1.78 trillion, surpassing silver to become the eighth-largest asset globally. The largest portion, $765.5 million, was funneled into the iShares Bitcoin Trust (IBIT), while Fidelity’s FBTC garnered $135.1 million.
“U.S. spot Bitcoin ETFs now hold $84 billion in assets, about two-thirds of the gold ETF total. It’s possible these funds could surpass gold ETFs within a year, a much faster pace than we originally expected (3-4 years),” said Eric Balchunas, Bloomberg’s senior analyst, on X.
The record-setting activity extended beyond ETFs. MicroStrategy (MSTR), the company with the largest Bitcoin holdings, saw its stock price hit a new high. Similarly, Coinbase (COIN) surged above $320 per share, marking its first such move since November 2021.
“The Bitcoin Industrial Complex — ETFs, MSTR, and COIN — saw a remarkable $38 billion in trading volume today, setting new all-time records. IBIT alone traded $4.5 billion, which suggests strong inflows ahead. It was a historic day that could be called ‘Volmageddon,’” Balchunas added in a separate post.
As of this report, Bitcoin is trading at $88,000, and Ether is priced around $3,400.
