Blackrock’s $50.2M Inflow Offsets Selling as Bitcoin ETFs Turn Green

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U.S. spot bitcoin ETFs posted a modest $4.89 million net inflow on Tuesday, helped by a $50.20 million addition to Blackrock’s IBIT. Ether funds remained slightly negative, while solana ETFs attracted fresh capital.

Key Takeaways

Blackrock’s IBIT offset $45.31M of rival outflows, leaving bitcoin ETFs up $4.89M on Tuesday.Ether ETFs saw a modest $1.76M exit, as demand wavered for altcoin ETFs.Hashdex’s $14.7M DEFI closure shows smaller bitcoin ETFs face tougher scale and liquidity pressure.

Bitcoin ETFs Add $4.89M Despite Outflows for 5 Funds

A single fund carried the bitcoin exchange-traded fund (ETF) market across the finish line.

Ether ETFs remained in the red, though the pace of withdrawals slowed sharply.

IBIT Counters Selling Across Bitcoin Funds

Franklin Templeton’s EZBC recorded the largest exit at $16.46 million. ARK 21Shares’ ARKB lost $11.55 million, while VanEck’s HODL shed $10.30 million. Fidelity’s FBTC posted a $4.13 million withdrawal, and Hashdex’s DEFI lost another $2.87 million.

Bitcoin ETF trading value reached $1.42 billion. Combined net assets closed at $77.46 billion.

Blackrock’s IBIT continues to dominate bitcoin ETF flows. Source: Sosovalue

Ether ETFs recorded a much narrower loss. Fidelity’s FETH saw $2.33 million in outflows, while Blackrock’s ETHA attracted about $564,000. The category finished with a $1.76 million net withdrawal.

Total ether ETF trading value was $334.45 million, with net assets ending the session at $10.48 billion.

Solana Gains as Hashdex Prepares to Close DEFI

Solana was the only altcoin ETF category to record flows. Morgan Stanley’s MSOL attracted $1.43 million, lifting the category to a positive finish. Total solana ETF trading value reached $36.07 million, while net assets closed at $899.08 million.

XRP and HYPE ETFs reported no net creations or redemptions during the session.

The fund had about $14.7 million in assets as of July 30. Trading and new subscriptions are scheduled to end on August 17, after which DEFI will be delisted from NYSE Arca. Investors who remain in the fund are expected to receive cash liquidation proceeds around August 28.

Hashdex cited the fund’s size, liquidity, operating costs, investor demand, and broader product strategy among the factors behind the decision.