Ten Consecutive Days of Positive Inflows into Spot Bitcoin ETFs

As of May 28, the net inflow into spot exchange-traded funds (ETFs) based on the first cryptocurrency amounted to $432.62 million.

This marks the tenth consecutive day of positive trends.

The net inflow into BlackRock’s IBIT product reached $480.96 million within a single day. In contrast, outflows from Fidelity’s FBTC and Arg & 21Shares’ ARKB totaled $14.05 million and $34.29 million, respectively.

The total assets under management of spot Bitcoin ETF providers have now surpassed $130 billion.

For Ethereum ETFs, the combined net inflow as of May 28 totaled $84.89 million, with a positive trend continuing for eight straight days.

The largest inflow in a day came to BlackRock’s ETHA, which received $52.68 million. Other notable figures include FETH, ETH, and QETH, attracting $25.71 million, $4.93 million, and $1.57 million, respectively.

In the last 24 hours, Bitcoin’s price dropped by 1% to $107,809, according to CoinGecko. Meanwhile, the price of Ethereum rose by 3.5%, reaching $2,725.

Previously, Bitwise’s Chief Investment Officer, Matt Hougan, predicted that by the end of 2025, BTC-ETFs would be included in the offerings for clients of Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS.

Additionally, Bernstein identified institutional purchases as one of the five key factors contributing to the continued growth of the first cryptocurrency.