Live markets: Bitcoin, ether ETFs draw inflows as majors rise as much as 5%
Bitcoin and ether exchange-traded funds (ETFs) saw significant inflows, with BlackRock's products leading the market. This surge in investment coincided with a strong price rally for both major cryptocurrencies.
Why it matters
The rebound in ETF inflows suggests renewed institutional investor confidence in crypto assets after a period of volatile, choppy market performance.
BlackRock's IBIT drove almost all of it, pulling in roughly $139 million, with Fidelity's FBTC adding about $21 million. No bitcoin fund lost money. On the ether side, BlackRock's ETHA accounted for the entire net figure at about $58 million, with every other fund flat.
The swing tracks the price. Bitcoin ETFs rose close to 4% on the day and ether funds about 6%, the strongest single-session move in weeks.
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