Bitcoin and Ethereum spot ETFs saw strong inflows Thursday—$507M and $177M respectively—marking multi-month highs and signaling renewed institutional demand.
Macro & Markets ·
Bitcoin spot exchange-traded funds drew $507 million in inflows on Thursday, marking the largest single day since early May and extending a three-day streak of consecutive inflows. The iShares Bitcoin Mini Trust (IBIT) dominated the activity, capturing $285 million—56 percent of the total—and has accumulated $1.2 billion in August inflows alone, positioning the fund for its strongest monthly intake since May. Ethereum spot ETFs posted $177 million in inflows the same day, their highest daily figure since January.
The surge reflects a notable shift in institutional interest toward crypto derivatives. Bitcoin ETFs have now logged positive flows for three consecutive days, while Ethereum's single-day inflow represents a return to demand levels not seen since the start of the year. The pattern suggests institutional investors are re-entering the market after a period of relative withdrawal.
Whether this momentum will persist into subsequent weeks remains unclear. The data captures a single trading day's activity and a partial month, leaving open questions about whether the pattern reflects a sustained shift in institutional positioning or a temporary rally response to broader market conditions.