U.S. spot bitcoin ETFs attracted $244.42 million on Wednesday, extending their inflow streak to three sessions. Ether funds added $60.86 million, while HYPE ETFs ended a prolonged run of withdrawals with a modest gain.
Key Takeaways
Blackrock led $244.42M into Bitcoin ETFs on Wednesday, extending the inflow streak to three days.Bitcoin and ether funds drew $305M+, reinforcing demand for the two largest crypto assets by market cap.HYPE gained $966,690 as XRP lost $3.58M, leaving altcoin demand uneven into August.Money continued to move into the largest crypto funds at a brisk pace. Bitcoin and ether ETFs collected more than $305 million in combined inflows, led once again by Blackrock, as institutional demand strengthened for a third consecutive session.
The wider market delivered a mixed picture. HYPE funds finally found buyers, XRP ETFs saw withdrawals, and Solana products remained quiet.
Blackrock Leads Another Strong SessionBitwise’s BITB added $10.56 million, and Morgan Stanley’s MSBT received $2.79 million. Vaneck’s HODL was the only fund to lose capital, posting a $14.67 million outflow. The withdrawal had little effect on the category’s overall advance.
Total bitcoin ETF trading value reached $1.58 billion. Combined net assets closed at $79.21 billion.
Bitwise’s ETHW and 21Shares’ TETH attracted $1.37 million and $1.34 million, respectively. No ether ETF recorded an outflow. Trading value across the category totaled $550.67 million, with net assets ending the session at $10.61 billion.
HYPE Breaks Its Slide as XRP Loses GroundXRP ETFs moved in the opposite direction. Bitwise’s XRP fund recorded a $3.58 million withdrawal, accounting for the category’s entire net outflow. XRP ETF trading value rose to $20.16 million. Net assets slipped below the $1 billion threshold and closed at $993.38 million.
Solana ETFs reported no net creations or redemptions. Combined assets ended the day at $878.51 million.
