U.S. Spot Bitcoin ETFs saw an impressive surge in investor interest last week, which has attracted a combined net inflow of $2.22 billion, according to data from SoSoValue.
Meanwhile, spot Ethereum ETFs also recorded notable inflows, accumulating $283.41 million. Amid growing regulatory clarity, these increasing inflows into crypto ETFs show growing institutional and retail demand for cryptocurrency investment vehicles.
Since mid-June, Bitcoin ETFs have pulled in roughly $2.9 billion in total inflows, which accounts for more than 6% of Bitcoin’s total market cap. Major players like BlackRock and Fidelity are leading the charge, which shows a major institutional shift toward crypto thanks to significant development in regulatory clarity.
The numbers are staggering. BlackRock’s iShares Bitcoin Trust alone attracted $239 million, while Fidelity’s Wise Origin Bitcoin Fund added another $166 million. This explosive demand not only signals strong investor trust but also shows a fundamental shift in traditional finance’s stance on digital assets.
Historically, inflows of this scale have sparked major price surges in Bitcoin. After the first approval of Bitcoin ETFs on January 10, 2024, BTC has witnessed its biggest rally, which was amplified by Donald Trump’s remarkable victory in the presidential race. His promises of Bitcoin Strategic Reserve and the creation of crypto-friendly regulation regained market confidence.
As institutional money continues to pour in, Bitcoin’s upward trajectory appears increasingly likely. This has also enticed big firms to join the race.
Earlier this year, the company submitted plans to the SEC for a new Truth Social Bitcoin and Ethereum ETF. If approved, the fund would invest 75% in Bitcoin and 25% in Ethereum, with shares trading on the NYSE Arca.
Altcoin ETF Hopes Rise After Bitcoin ETF Success
While Bitcoin and Ethereum ETFs have seen huge success, altcoin ETFs like those for XRP, Solana, and Dogecoin still face uncertain demand, even as regulations improve. The SEC is now reviewing more than 30 applications for spot altcoin ETFs. It shows growing openness to crypto investment options.
This comes after Bitcoin ETFs (which currently manage over $130 billion) and Ethereum ETFs (with around $10 billion) proved massively popular.
With clearer rules in place, financial firms are now looking to launch more altcoin ETFs. This will attract investors interested in cryptocurrencies beyond just Bitcoin and Ethereum.
For example, Solana’s price jumped 7% after experts suggested a Solana ETF could soon get approved. Investors are watching the SEC closely, hoping for a repeat of the Bitcoin and Ethereum ETF boom.
Big players like Solana Foundation, REXShares, and Volatility Shares are pushing for SEC-regulated Solana ETFs, including options that let users earn rewards through staking. Meanwhile, crypto exchange HTX is sparking excitement with giveaways, including a $100,000 airdrop.
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