The cryptocurrency market is showing signs of excitement. Over the past few days, prices have been climbing rapidly. Bitcoin has just hit a new record, passing $118,000. At the same time, ETFs are pulling in billions of dollars, almost like they’re snacking on chips.
This surge didn’t happen overnight. It started slow and then quickly gained speed. Something has changed deep within the market, and now everything is moving faster. People wonder if this is just a short-lived trend or if it signals a real shift in how things work.
A well-known speaker is holding up glowing symbols of Bitcoin and Ethereum, with a crowd of amazed and excited onlookers cheering.
In short,
Crypto ETFs collected $1.5 billion in just one day.
Bitcoin reached a new all-time high, topping $118,500.
Ethereum also rose briefly past the important $3,000 mark.
Major firms like BlackRock and Fidelity lead the way with strong investment flows.
Wall Street is heating up: ETF records are falling one after another.
Although many thought the crypto ETF market was cautious, the numbers challenge that idea. In one day, these investments pulled in $1.5 billion, most of it flowing into Bitcoin funds. BlackRock took the lead with $448 million, followed by Fidelity with $324 million. On the same day, Ethereum funds brought in $383.1 million, with $300.9 million in just the ETHA ETF.
Big players like Vanguard have yet to jump in. Nate Geraci summed it up on social media, saying:
Financial advisors managing huge sums haven’t even started investing in BTC or ETH ETFs yet. And we’re already seeing near-record inflows. That’s important to note.
On the trading volume side, IBIT tripled its daily trades to $5 billion, according to Bloomberg. Eric Balchunas pointed out that when IBIT’s volume spikes on strong days, it often means big investments from institutions. More could come in the next days.
Bitcoin has soared to $118,500, climbing more than 6% in just one day. Ethereum also reached $3,021, a level not seen since 2021. The growth isn’t just based on speculation. ETFs are buying more Bitcoin than miners are releasing.
Research from Galaxy shows US ETFs will hold over $28 billion worth of Bitcoin by 2025. That’s compared to miners adding about $7.85 billion. This gap pushes prices higher automatically.
Ryan Lee from Bitget Research explains:
Breaking above $117,000 shows a real shift. It’s driven by the Trump campaign’s support for crypto, big ETF investments, and more companies using Bitcoin in their cash reserves. These factors suggest the market could stay strong for the rest of the year.
What’s surprising is how traditional finance and crypto are blending. BlackRock now makes more from its Bitcoin ETF than its S&P 500 ETF. Companies in Japan and France are also buying Bitcoin for their reserves. The line between a speculative asset and a strategic asset is fading.
The market is under strong pressure. Financial firms are betting huge sums. Standard Chartered predicts Bitcoin could reach $200,000 by the end of 2025. Bitwise even says it could become a safe place to keep money, like gold.
Some key numbers to remember:
$1.5 billion poured into crypto ETFs in just one day.
Bitcoin hit $118,500 in value.
BlackRock holds 700,000 Bitcoin, making up 55% of all ETF holdings.
Traders placed nearly $900 million on options betting Bitcoin will pass $140,000.
Most of the flow into crypto ETFs, about 83%, favors Bitcoin. Ethereum captures the rest.
In the U.S., lawmakers are starting to debate clearer rules for crypto. The "Crypto Week" event is part of that effort. The GENIUS Act, in particular, aims to set new standards for regulation.