U.S. SEC's Approval of Ether ETFs Trigger $69 Million Inflows, Bitcoin Dominates with $2 Billion Investments

U.S. SEC's Approval of Ether ETFs Trigger $69 Million Inflows, Bitcoin Dominates with $2 Billion Investments

Nikolai Petrovich Yaroslavsky
2 min read

U.S. SEC's Approval of Ether ETFs Trigger $69 Million Inflows, Bitcoin Dominates with $2 Billion Investments

The unexpected decision by the U.S. Securities and Exchange Commission (SEC) to permit Ether exchange-traded funds resulted in a substantial influx of $69 million into Ether investment products last week. This move, following the SEC's ruling on May 23 to advance the approval process for a US Ethereum ETF, signifies a growing interest in digital assets. Meanwhile, Bitcoin continued its dominance, witnessing inflows of nearly $2 billion last week, bringing the total for the year to $16.7 billion. The surge in Bitcoin's price by approximately 65% year-to-date is largely attributed to the approval of US Bitcoin ETFs earlier in January. In a parallel development, BlackRock Inc.'s iShares Bitcoin Trust surpassed Grayscale's Bitcoin Trust to become the world's largest fund for Bitcoin, holding over $21 billion in assets.

Key Takeaways

  • Bitcoin hit a 19-month high, decoupling from global stock market fluctuations.
  • The SEC's decision on Ether ETFs led to $69 million inflows into Ether investment products.
  • Bitcoin products witnessed $2 billion inflows last week, amounting to $16.7 billion for the year.
  • BlackRock's iShares Bitcoin Trust emerged as the world's largest Bitcoin fund, securing over $21 billion.
  • Bitcoin's price surged by 65% year-to-date, primarily fueled by the approval of U.S. Bitcoin ETFs.


The SEC's approval of Ether ETFs and the subsequent influx of $69 million suggest a maturing cryptocurrency market, potentially attracting more institutional investors. This, in combination with Bitcoin's robust performance and BlackRock's dominance in the Bitcoin fund space, underscores a shift towards mainstream acceptance of digital assets. Short-term expectations include heightened volatility and liquidity in crypto markets. In the long run, this development could lead to broader regulatory acceptance, further integrating cryptocurrencies into traditional finance and potentially influencing global monetary policies.

Did You Know?

  • Ether Exchange-Traded Funds (ETFs): These are investment funds traded on stock exchanges, similar to stocks, but they hold Ether, the cryptocurrency powering the Ethereum network. An Ether ETF enables investors to gain exposure to Ether without actually owning the cryptocurrency, simplifying the investment process and potentially reducing associated risks and complexities.
  • U.S. Securities and Exchange Commission (SEC): As an independent federal government agency, the SEC is responsible for safeguarding investors, ensuring fair and orderly functioning of securities markets, and facilitating capital formation. The SEC's decision on Ether ETFs holds significance as it reflects a regulatory stance on cryptocurrency investments, potentially influencing broader market sentiment and investor behavior.
  • BlackRock's iShares Bitcoin Trust: This specific financial product offered by BlackRock, one of the world's largest asset managers, through its iShares platform holds Bitcoin as its primary asset, enabling investors to engage with Bitcoin through a traditional financial instrument. The trust's rise as the world's largest Bitcoin fund signifies the increasing institutional acceptance and investment in cryptocurrencies.

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