U.S. spot bitcoin ETFs added $211.49 million on Tuesday, with BlackRock's IBIT alone pulling in $170.35 million. Ether ETFs returned to inflows with $53.75 million, and BlackRock is preparing a one-for-three reverse split of its ether fund, ETHA, effective October 6.
U.S. spot bitcoin ETFs pulled in $211.49 million on Tuesday, extending a strong start to the week. BlackRock's iShares Bitcoin Trust (IBIT) alone captured $170.35 million, more than 80% of the day's total.
Five Bitcoin ETFs Gain, None See Withdrawals
Fidelity's FBTC followed with $19.58 million, and ARK 21Shares' ARKB added $9.17 million. Bitwise's BITB attracted $8.72 million, while Morgan Stanley's MSBT rounded out the gains with $3.68 million. No bitcoin ETF recorded a withdrawal, and total trading value across the funds reached $1.57 billion, with net assets closing at $78.26 billion.
Combined bitcoin ETF inflows for the first two trading days of August have already exceeded July's total net inflow. If sustained, this could lead to a broader inflow recovery for bitcoin ETFs in August.
Ether And Solana Funds Also Draw Fresh Money
Ether ETFs drew $53.75 million across four products. BlackRock's ETHA led with $42.46 million, and Fidelity's FETH added $9.34 million.
Bitwise's ETHW and Morgan Stanley's MSSE contributed $1.34 million and about $605,000, respectively, and no ether ETF reported an outflow. Total ether trading value reached $387.95 million, with net assets ending the session at $10.32 billion.
Solana ETFs brought in $1 million, entirely through Morgan Stanley's staking-focused MSOL. XRP and HYPE ETFs recorded no net creations or redemptions; XRP fund assets ended around $1 billion, while HYPE products closed at $258.21 million.
BlackRock Prepares A Reverse Split For Its Ether ETF
BlackRock's iShares Ethereum Trust ETF (ETHA) is preparing for a one-for-three reverse share split, according to a regulatory filing. Every three ETHA shares held as of the October 5 record date will convert into one share when the split takes effect on October 6, raising the fund's per-share net asset value while leaving each investor's total holding value unchanged.
ETHA has traded around $14 after falling alongside ether this year, and the reverse split would lift its share price to roughly $42 at current levels. Bloomberg Intelligence analyst Eric Balchunas said the higher price could narrow ETHA's trading spreads, with transaction costs potentially falling from roughly seven basis points to about two.
That focus on execution costs highlights the pricing pressure ETFs are placing on traditional crypto trading platforms. Lower spreads are becoming another point of competition among ETFs, alongside custody, liquidity, and regulatory access, for investors entering through brokerage accounts.
Source: Bitcoin News
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