Blackrock Drives $431 Million Into Bitcoin and Ether ETFs

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Blackrock Drives $431 Million Into Bitcoin and Ether ETFs
PrimeXBT Editorial Team
Reviewed by PrimeXBT

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Bitcoin and ether ETFs extended their inflow streak to seven sessions on Tuesday, drawing $314.37 million and $179.80 million respectively. Blackrock's IBIT captured more than 90% of the bitcoin total, while Solana, XRP and HYPE funds added a combined $63.63 million as demand broadened across the market.

Bitcoin ETFs pulled in $314.37 million on Tuesday, extending their inflow streak to seven sessions. Blackrock's IBIT alone drew $284.42 million, accounting for more than 90% of the day's total. Ether funds added another $179.80 million in net inflows.

Blackrock's IBIT Leads Bitcoin Inflows

Fidelity's FBTC followed with $15.45 million, and Grayscale's Bitcoin Mini Trust added $6.98 million. Morgan Stanley's MSBT brought in $4.52 million, and Bitwise's BITB added $3 million, with no bitcoin fund recording an outflow.

Trading value across bitcoin ETFs reached $3.52 billion on the day, pushing combined net assets to $99.05 billion. The seven-day inflow total for the category hit $2.57 billion, according to Sosovalue.

Ether ETFs Extend Their Own Winning Streak

Blackrock's ETHA led ether inflows with $146.44 million, while Fidelity's FETH added $25.75 million and Blackrock's ETHB received $7.61 million. No ether fund reported an outflow. Ether ETF trading value reached $980.49 million, with net assets closing at $14.88 billion.

Solana and XRP Funds Broaden the Bid

Solana ETFs drew $32.25 million, led by Bitwise's BSOL with $20.43 million, followed by $5.20 million into Grayscale's GSOL and $4.93 million into Fidelity's FSOL. Franklin Templeton's SOEZ added $1.70 million, closing Solana ETF assets at $1.27 billion.

XRP funds brought in $23.87 million across four products, led by Bitwise at $11.02 million and Franklin Templeton's XRPZ at $6.39 million. Grayscale's GXRP and Canary's XRPC added $4.28 million and $2.19 million, respectively.

Grayscale Adds a Zcash ETF to the Lineup

Grayscale launched its Zcash ETF on NYSE Arca on Tuesday after converting the Grayscale Zcash Trust, which held about $314 million in assets as of August 24. HYPE ETFs also gained $7.51 million, led by $4.28 million into 21Shares' THYP.

Source: Bitcoin News

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