Bitcoin ETFs attracted more than $170 million at the start of the week, with Blackrock's IBIT accounting for nearly two-thirds of the inflow and none of the seven funds reporting a withdrawal. Ether products lost $11.42 million as investors pulled back, while Intesa Sanpaolo disclosed it had cut its IBIT position by 93.7% during the second quarter.
Bitcoin exchange-traded funds pulled in more than $170.09 million on the first trading day of August. Seven funds gained and none reported an outflow, a reversal after bitcoin funds ended July with a weekly loss.
Blackrock Drives Nearly Two-Thirds of the Bitcoin Inflow
Blackrock's IBIT captured $111.43 million, almost two-thirds of the day's net inflow into bitcoin ETFs. Fidelity's FBTC returned to positive territory with a $33.36 million addition, while Franklin Templeton's EZBC attracted $9.23 million and Invesco's BTCO added $6.67 million.
Vaneck's HODL brought in $4.52 million. Bitwise's BITB and ARK 21Shares' ARKB added $2.77 million and $2.12 million, respectively, and no bitcoin ETF posted a withdrawal. Total trading value across the category reached $2.11 billion, the largest turnover among the tracked crypto ETF categories, and combined net assets closed at $77.58 billion.
Ether Falls as XRP and HYPE Diverge
Ether ETFs moved the opposite direction, recording an $11.42 million net outflow. Blackrock's ETHA lost $9.03 million and Grayscale's ETHE shed $7.84 million, while Fidelity's FETH gave up about $931,000. Inflows of $5.78 million into Blackrock's ETHB and roughly $603,000 into Morgan Stanley's MSSE softened the decline, leaving Ether ETF trading value at $519.90 million and net assets at $10.23 billion.
XRP ETFs gained $1.15 million, all directed to Canary Capital's XRPC. HYPE funds returned to outflows after a quiet session, as Grayscale's HYPG lost about $964,000, taking combined net assets down to $253.23 million. Solana ETFs reported no net creations or redemptions, with net assets closing at $871.90 million.
Intesa Sanpaolo Cuts Its Bitcoin ETF Stake
The bitcoin inflow arrived as Intesa Sanpaolo disclosed a major shift in its quarter-end crypto ETF holdings. The Italian banking group reduced its common IBIT position by 93.7% between March 31 and June 30, leaving 40,723 shares. It also reported a new put position tied to 500,000 underlying IBIT shares.
Its iShares Staked Ethereum Trust holding rose from 116,200 to 349,600 shares, while its Bitwise Solana Staking ETF position fell from 2,817 shares to seven. The filing offers only a quarter-end snapshot and does not reveal the bank's complete options structure or net exposure.
Source: Bitcoin.com News
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