The bridge between traditional finance and cryptocurrency is stronger than ever, as evidenced by another massive wave of institutional investment.
Spot Bitcoin ETFs absorbed $642.35 million on Friday, extending a winning streak to five days and bringing total net assets to over $153 billion.
The story is one of established players leading the charge. Fidelity and BlackRock, two of the world’s largest asset managers, saw their funds (FBTC and IBIT) attract a combined $580 million, demonstrating deep trust in their products.
The trend spread to Ethereum, where new spot ETFs are quickly gaining traction with $405 million in daily inflows. This sustained appetite points to a maturing market where crypto is becoming a standard institutional asset class.
