On May 22, 2025, U.S. spot Bitcoin and Ethereum ETFs experienced combined net inflows of $1.05 billion, marking the highest daily figure since January. This surge occurred as Bitcoin reached new all-time highs, and Ethereum continued its recent rally.
Bitcoin ETFs accounted for $934.8 million of the total, the most since January 17, according to The Block. BlackRock's IBIT led with $877.2 million, while Fidelity's FBTC and Ark Invest's ARKB added $48.7 million and $8.9 million, respectively.
Ethereum ETFs registered $110.5 million in net inflows on May 22, the largest daily addition since February 4. Grayscale's ETHE and ETH products brought in $43.7 million and $18.9 million, respectively, with Fidelity's FETH attracting $42.2 million.
Bitcoin has entered price discovery, breaking its prior all-time high of around $109,000 on Wednesday and briefly reaching $112,000 on Thursday. Bitcoin has gained 7% over the past week, recovering from a 32% decline.
Ether, however, has not yet reached a new all-time high this cycle. It reached $4,111 in December, about 16% below its November 2021 record of around $4,870, but has since rebounded strongly, gaining 91% to reach a current price of $2,668.