Spot Bitcoin ETF reaches a record 158 billion USD

The spot Bitcoin ETF funds in the United States have just reached a record net asset level of over 158 billion USD — the highest since these funds began trading. Meanwhile, Ethereum ETF funds also recorded the largest accumulation of inflows ever after a series of 6 trading sessions that rose to the sky.

Last week, when the price of Bitcoin surged to a new all-time high, Bitcoin spot ETFs witnessed an unprecedented influx of capital. Specifically, over the two days of Thursday and Friday, the funds attracted a total of $2.21 billion in inflows — with $1.18 billion on Thursday and $1.03 billion on Friday. This marks the largest two-day inflow since these funds began trading in January 2024.

In particular, the IBIT ETF managed by BlackRock attracted up to 953.5 million USD in inflows on Friday alone, accounting for about 95% of the total inflow for the day; no other fund attracted more than 25 million USD. IBIT has also just become the fastest ETF to reach 80 billion USD in assets under management in history.

The total net assets of all spot Bitcoin ETF funds in the US have now reached an all-time high of $158.03 billion, according to data from The Block. Among them, IBIT still maintains its position as the largest fund, with a size more than double that of the second largest fund, FBTC from Fidelity, which has AUM of approximately $36.4 billion compared to $80.0 billion for IBIT.

Vincent Liu, Chief Investment Officer (CIO) at Kronos Research, shared with The Block:

“This development reflects the growing confidence in Bitcoin as a long-term legal asset, similar to gold. If there are no major macroeconomic fluctuations, such as the CPI data on July 15 causing investors to take profits, then institutional demand may continue to remain strong.”

The price of BTC reached a historical peak of around 118,500 USD on Friday before slightly dropping to 117,400 USD today.

Ethereum ETF sets a new record for accumulation inflows

Although the Ethereum spot ETF funds, which have only just started trading for less than a year, cannot yet compare with Bitcoin funds in terms of total net asset value due to the relatively weaker ETH price, they have set new highs in accumulated cash flow after a string of 6 consecutive days of capital outflow.

In total, the recent 6-session chain has brought in approximately 1.057 billion USD in inflow, raising the total accumulated cash flow to a record high of 5.31 billion USD.

The total net assets of ETH ETF funds currently stand at approximately 13.5 billion USD — still below the peak of 14.3 billion USD recorded in mid-December last year, according to the data.

BlackRock continues to lead with the largest ETH ETF in the market: ETHA, with assets under management worth 6.14 billion USD — more than 1 billion USD higher than Grayscale's total assets ETHE of 3.44 billion USD( and the ETH fund of 1.68 billion USD), with a total of 5.12 billion USD.

Data from The Block also shows that the total net cash flow measured in ETH has reached a new high in the recent inflow chain. However, the price of Ethereum has decreased by about 1.2% in the past 24 hours.

Vương Tiễn