Bitcoin and Ethereum ETFs registered more than a billion in net inflows, the highest level since November 2024.

Bitcoin's (BTC) all-time high has led to major inflows in crypto ETFs. On Thursday, May 22, net inflows for spot Bitcoin and Ethereum (ETH) exchange-traded funds were at more than $1 billion.

Bitcoin and Ethereum ETFs saw over $1 billion in net outflows, the highest level since November 2024, new data from Glass Node showed on Thursday, May 22.

Bitcoin’s (BTC) all-time high pushed up ETF inflows

The world’s leading cryptocurrency hit a new all-time high of $111,970 on Thursday, which also pushed up interest in crypto ETFs.

Data showed that net outflows for spot Bitcoin and Ethereum (ETH) exchange-traded funds came in at over $1 billion. This is the best performance that ETFs have seen since November 2024.

Inflows in spot Bitcoin ETFs were dominant, with a daily inflow of $934 million, their best performance since January 17. This pushed up the total assets under management of spot Bitcoin ETFs to $104 billion.

The biggest ETF gainer was BlackRock’s (NYSE:BLK) IBIT fund, which saw inflows rise to 651,620 individual Bitcoins.

These inflows helped BlackRock become the second-biggest Bitcoin holder, overtaking Binance. Only Satoshi Nakamoto’s inactive wallet address now holds more Bitcoin, at 1.123 million. Interestingly, Michael Saylor’s Strategy comes fourth, with 576 Bitcoins.

Ethereum ETFs see five days of positive outflows

Meanwhile, Ethereum ETFs saw 110 million in net outflows, the biggest single-day gain since February 4. The biggest gainer among ETFs was Grayscale’s ETHE fund, which saw $43.7 million in net outflows.

This marks the fifth consecutive day of positive outflows for Ethereum ETFs. These funds now have $10.07 billion in assets under management.

This follows a strong ETH price performance, which saw a 44% gain since the start of May. This suggests continued interest in Ethereum, even as several other tokens could be getting their spot ETFs soon.

Traders appear to be jumping in to take advantage of Bitcoin’s bull market rally, which hit a new all-time high on Monday at $111,970.

Crypto markets have remained resilient despite a general retreat in the stock market, as U.S. government debt and tariffs rattled the markets. But, in a surprising turn, traders appear to be pivoting back to equities.