May 28 represented another big day for crypto-investment products, which saw substantial net inflows for Bitcoin and Ethereum spot ETFs. Bitcoin spot ETFs recorded an incredible net inflow of $433 million. That inflow extends the run of consecutive daily inflows to spot Bitcoin ETFs to an impressive ten days. Meanwhile, Ethereum spot ETFs maintained their own strong momentum, too, registering a net inflow of $84.89 million. Ethereum spot ETFs have now seen their own consecutive daily inflow run extended to an impressive eight days. The inflows into these ETFs reflect a developing institutional inclination toward digital assets and a newly discovered adoption of cryptocurrency investment vehicles that combine traditional finance with the nascent blockchain ecosystem. Spot ETFs are increasingly being viewed by market participants as accessible and regulatory-compliant ways of achieving exposure to Bitcoin and Ethereum while avoiding the direct custody of assets. Bitcoin Spot ETFs See Ten Straight Days of Net Inflows Over the last ten days, capital has accumulated in Bitcoin’s spot ETFs with stunning consistency. On just May 28 alone, they attracted a net inflow of $433 million. That’s a clarion call from both institutional and retail investors, and it’s one of the main reasons I think the SEC may be close to approving a Bitcoin spot ETF. On May 28, Bitcoin spot ETFs recorded a net inflow of $433 million, marking 10 consecutive days of net inflows. Ethereum spot ETFs saw a net inflow of $84.89 million, extending their streak to 8 consecutive days. https://t.co/ueXcZjub6m — Wu Blockchain (@WuBlockchain) May 29, 2025 In the previous three months, we have seen inflows of Bitcoin. These inflows have continued and actually even picked up pace in the last month. The latest data we have indicates that in August, we saw capital inflows, net capital inflows into Bitcoin, to the tune of $107 million. Spot ETFs serve as a vital link between traditional investment structures and the world of cryptocurrencies. They present an investment vehicle that is both familiar and regulated, thus reducing the entry barriers for many investors who might prefer to stay on this side of the bridge. And the bridge has been holding up well, with strong inflows into Bitcoin spot ETFs over the past few months. Ethereum Spot ETFs Extend Their Winning Streak Ethereum spot ETFs have similarly enjoyed a sustained wave of capital inflows. On May 28, right around the time of the latest annual Divergence Strategic Summit, Ethereum contents of spot ETFs received capital inflows of $84.89 million. This extended the streak of daily gains for Ethereum-backed ETFs to eight consecutive days. The primary programmable blockchain, Ethereum continues to draw institutional investor interest as a result of forthcoming improvements in scalability and network performance. The current inflow of exchange-traded-fund capital suggests that investors believe Ethereum’s ecosystem is developing favorably and that they will secure some appreciable delta by holding that which is most likely to be a more valuable token in the years to come. ETH ICO Whale on the Move Again: Another Sell-Off Begins The legendary “1 Million #ETH ICO Whale” has resumed selling — and the numbers are massive. Just 8 hours ago, this wallet recharged 956.7 ETH (worth $2.53M) to #OKX , raising fresh sell-off alarms. Details: pic.twitter.com/y03d4FL9dL — EyeOnChain (@EyeOnChain) May 29, 2025 Capital has been coming into Ethereum ETFs steadily, which fits into a broader market trend we see. And this trend is that investors are looking to get diversified exposure to major blockchain networks beyond just Bitcoin. The way I see it, and I think a lot of people in our industry see it, this is a trend reflecting confidence in Ethereum. And their confidence isn’t unfounded. A lot of things are happening on Ethereum, to Ethereum, and with Ethereum. Whale Activity Sheds Light on Ethereum Market Dynamics While institutional investments in Ethereum ETFs appear to show an accelerating interest in the markets, it is the notable individual investment activity that provides a wealth of further insight. One of the most prominent Ethereum whales, operating from wallet 0xC8d6C156c13AC68ADA3f03B80fc201ae4867A57d, continues to make waves. This investor holds some 51,663 ETH, or $140 million worth of the digital asset, at very low basis costs: about $0.31 per ETH. Interestingly, this whale has just received an additional 24,000 ETH three days ago, which is quite the addition to their already hefty pile of ETH. Despite that, it’s good to note that this whale was just gifted 24,000 ETH three days ago. Investor actions on such a large scale send very valuable signals to the market. When savvy traders who are long-term holders of an asset accumulate it, that tends to signal to us that they are quite confident in the asset’s future trajectory. And such accumulation seems to be happening now in the Bitcoin market. This is—again—adding to the support of the price increases we are seeing. A Growing Narrative of Institutional Adoption Continued inflows into Bitcoin and Ethereum spot ETFs and strategic activity by large holders are evidence of a maturing cryptocurrency market. Institutional investors and high-net-worth individuals see these assets as central to their portfolios, now that regulated products allow for a more straightforward and secure investment process. While the crypto ecosystem is still in its infancy, ETFs will likely help it evolve. They will help the whole ecosystem maintain compliance with financial regulations while enabling a much broader base of participation. They will also make Bitcoin, Ethereum, and other tokens (or at least those that have passed muster) much more accessible on a risk-adjusted basis to a much wider variety of investors. Not too bad for something that wasn’t even on the horizon a year or so ago. For investors and observers, the steady influx of capital and strategic accumulation make clear that there is a consensus forming around the idea that digital assets are here to stay—not that they are merely ephemeral, like a fad, but that they are something much more fundamental, like a building block of the future financial system. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
