Blackrock Drives 79% of Bitcoin ETFs $233M Inflow

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Bitcoin ETFs attracted $233.13 million on Thursday, extending their recovery to a second straight session. Ether, XRP, and solana funds also finished in positive territory, while HYPE ETFs recorded no net flows.

Key Takeaways

Blackrock’s IBIT led $233.13M into bitcoin ETFs, extending the recovery to 2 days.XRP ETF assets hit $1B as ether and solana gains signaled broader institutional demand.HYPE paused a 5-day outflow run at $260.44M as markets watch whether demand returns in August.

7 Bitcoin Funds Gain as Blackrock Pulls $183.38M

The institutional bid for bitcoin returned with force. After ending a four-day losing streak one session earlier, U.S. spot bitcoin ETFs drew more than $233 million as fresh capital flowed into seven funds with no product reporting outflows.

Ether ETFs also moved back into the green. XRP products posted their strongest inflow of the week, while solana recorded a smaller gain.

Blackrock Powers Broad Bitcoin ETF Advance

Vaneck’s HODL and Grayscale’s Bitcoin Mini Trust each received $2.29 million. ARK 21Shares’ ARKB completed the inflows with a $1.50 million addition. The absence of outflows made the session notably broad. Total trading value reached $1.73 billion, while combined net assets closed at $78.76 billion.

Two days of inflows reverse two days of outflows for bitcoin ETFs. Source: Sosovalue

Ether Returns to Inflows as XRP Reaches $1 Billion

Ether ETFs recorded a $13.29 million net inflow during a mixed session.

Those additions were partly offset by withdrawals. Fidelity’s FETH lost $2.87 million, Grayscale’s ETHE shed $1.55 million, and Vaneck’s ETHV posted a $702,000 outflow. Ether ETF trading value totaled $422.72 million, with net assets closing at $10.52 billion.

XRP ETFs attracted $5.98 million. Bitwise’s XRP fund received $3.03 million, while Franklin Templeton’s XRPZ added $2.95 million. Combined net assets returned to the $1 billion mark.

HYPE ETFs recorded no net creations or redemptions, pausing a prolonged outflow streak. Net assets closed at $260.44 million.

Thursday’s figures showed a broader return of risk appetite. Bitcoin led decisively, but positive flows across ether, XRP and solana suggested that institutional demand was no longer confined to a single corner of the crypto market.