The price breakthrough quickly led to a surge in ETF activity.
Bitcoin's breakthrough above the $70,000 mark has attracted significant institutional investment back: eight U.S. spot funds attracted fresh capital, and none reported outflows. Ethereum joined the rally when the price of $ETH surpassed $2,000, helping to secure one of the strongest combined sessions for the two largest cryptocurrency ETF markets in recent months.
Blackrock Leads Bitcoin Inflows with $517 Million
Blackrock's IBIT ETF remained the most popular instrument, attracting $284.74 million, accounting for more than half of the daily Bitcoin inflow volume. The ARK 21Shares' ARKB fund attracted $77.71 million, and Fidelity's FBTC attracted $62.41 million. They were followed by Bitwise's BITB with $35.60 million.
Grayscale's GBTC and Bitcoin Mini Trust attracted $21.18 million and $19.66 million respectively. Morgan Stanley's MSBT attracted $9.98 million, and Franklin Templeton's EZBC completed the list of inflows with $5.92 million.
Amid the price movement, trading activity surged sharply. Bitcoin ETF turnover reached $6.89 billion, and total net assets rose to $84.31 billion, about $5 billion above Tuesday's level. This week, Bitcoin ETFs attracted exactly $1 billion over three trading sessions.
Ethereum ETFs showed an equally significant increase. Blackrock's ETHA fund attracted $122.12 million, and Fidelity's FETH fund attracted $36.54 million. Grayscale's Ether Mini Trust attracted $16.04 million, and Blackrock's ETHB fund attracted $9.71 million.
Smaller inflows went to Morgan Stanley's MSSE, Grayscale's ETHE, and Franklin Templeton's EZET. None of the Ethereum funds recorded outflows. Total trading volume reached $2.14 billion, and net assets rose to $12.06 billion.
$XRP and Solana Rise Amid $HYPE Sell-Off
ETFs on $XRP attracted $2.35 million, which was almost evenly distributed between Bitwise's $XRP fund and Franklin Templeton's XRPZ fund. Net assets once again exceeded a billion, reaching $1.01 billion.
ETFs on Solana ended the day with inflows of $2.10 million. Bitwise's BSOL fund attracted $5.63 million, offsetting outflows of $3.12 million from Grayscale's GSOL and about $415,000 from Invesco's QSOL.
$HYPE ETFs bucked the overall trend, recording outflows of $1.97 million.
This wave of selling occurred amid a favorable regulatory signal for Hyperliquid. Speaking at a White House event with tech sector leaders, President Donald Trump stated that CFTC Chairman Mike Selig was working to bring Hyperliquid to the U.S. "in full compliance with the law." Following these remarks, the price of $HYPE briefly jumped from around $62 to $72.30, representing a gain of about 16%.
Wednesday's session demonstrated how quickly bullish momentum can return when price and institutional demand align. The majority of capital was attracted by Bitcoin and Ethereum, while $XRP and Solana also benefited from the overall increase in risk appetite.
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