Blackrock Drives Bitcoin ETF Recovery as Trading Volume Surges to $2.76B
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Blackrock Drives Bitcoin ETF Recovery as Trading Volume Surges to $2.76B
"Spot bitcoin ETFs recorded net inflows of $131.31 million, supported by broad market participation. Six funds ended the day in positive territory, outweighing losses from four others. Blackrock's IBIT once again dominated flows, attracting $144.10 million in fresh capital and reinforcing its position as the market's primary institutional vehicle. Bitwise's BITB and Grayscale's Bitcoin Mini Trust followed with inflows of $17.70 million and $12.60 million, respectively. Additional gains came from Vaneck's HODL, Morgan Stanley's MSBT, and Fidelity's FBTC, all of which posted smaller but meaningful additions."
"The inflows were partially offset by continued selling in several funds. Grayscale's GBTC led the outflows with a $31.64 million exit, while Franklin's EZBC, Ark & 21Shares' ARKB, and Invesco's BTCO also ended the session lower. Trading activity surged as investor participation picked up. Total value traded across bitcoin ETFs reached $2.76 billion, while total net assets climbed to $107.75 billion. Mixed trading week for bitcoin ETFs with two days each of inflows and outflows."
"Ether ETFs continued to struggle, though the pace of withdrawals slowed considerably. The category posted net outflows of $5.65 million, extending its losing streak to four straight sessions. Blackrock's ETHA remained the largest drag with a $13.21 million exit, while Blackrock's ETHB lost another $3.55 million. There were signs of selective buying beneath the surface. Fidelity's Ether product attracted $6.88 million, while"
Spot bitcoin ETFs recorded net inflows of $131.31 million, supported by broad market participation and six funds ending the day positive. Blackrock IBIT led with $144.10 million in fresh inflows, followed by Bitwise BITB with $17.70 million and Grayscale Bitcoin Mini Trust with $12.60 million. Outflows were led by Grayscale GBTC with a $31.64 million exit, while several other funds also ended lower. Total value traded across bitcoin ETFs reached $2.76 billion and total net assets rose to $107.75 billion. Ether ETFs posted net outflows of $5.65 million for a fourth straight session, with Blackrock ETHA the largest drag at $13.21 million. XRP and Solana ETFs posted gains, reflecting resilient altcoin ETF demand.
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