Bitcoin and Ether ETFs experienced a significant rebound in inflows this week, with a combined $443 million flowing into the funds on Thursday alone. Bitcoin ETFs led the charge with $358.17 million, driven largely by BlackRock’s IBIT ($269.34M) and Fidelity’s FBTC ($53.33M). Morgan Stanley’s newly launched MSBT saw $34 million in volume on its first day, attracting $30.6 million in inflows and becoming one of the top-performing ETF launches of the year. This launch, the first by a major US bank, is sparking a fee war, with MSBT’s 0.14% expense ratio undercutting competitors like BlackRock and Grayscale. While Ether ETFs also saw inflows ($85.19M), some funds experienced outflows. Despite a recent Bitcoin price correction (down 43% from its peak), institutional interest remains strong, with BlackRock reporting a disproportionately long-term buy-and-hold investor base. The US Treasury is also expanding cybersecurity threat intelligence sharing to include digital asset companies, addressing growing concerns about hacks and foreign intelligence operations.
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