Bitcoin ETFs Bounce Back on BlackRock-Driven Inflows
US-listed spot Bitcoin exchange-traded funds (ETFs) returned to net inflows on Monday after two days of withdrawals, with BlackRock’s iShares product accounting for the vast majority of the capital. Data from SoSoValue shows Bitcoin ETFs added $216.7 million in net inflows, reversing the $201.8 million in outflows recorded on Friday.
The Friday outflow ended a nine-session run of inflows that had brought more than $3 billion into the funds, according to Cointelegraph’s earlier reporting. Bitcoin was trading near $78,700 at the time of writing, up roughly 1.5% over the past 24 hours, based on CoinGecko data.
BlackRock Dominates the Rebound
Monday’s reversal was driven almost entirely by BlackRock. Farside Investors data indicates that the iShares Bitcoin Trust (IBIT) generated $205.9 million in net inflows, representing about 95% of the category’s total daily inflows.
Other issuers also contributed, though at a much smaller scale. Fidelity’s Wise Origin Bitcoin Fund (FBTC) added $6.9 million, Bitwise’s Bitcoin ETF (BITB) brought in $4.3 million, and Morgan Stanley’s Bitcoin Trust recorded $3.6 million. Grayscale’s Bitcoin Mini Trust attracted $9.4 million.
Not every product participated in the rebound. VanEck’s Bitcoin ETF (HODL) was the lone fund to report net withdrawals, with $13.4 million in outflows. The remaining funds reported no flows.
Ether, XRP and Solana ETFs Extend Runs
Spot Ether ETFs attracted $87.7 million on Monday, marking their 11th consecutive trading session of inflows. BlackRock’s iShares Ethereum Trust ETF (ETHA) led with $59.9 million, followed by Grayscale’s Ethereum Mini Trust with $13.5 million and Fidelity’s Ethereum Fund with $9.3 million, according to Farside.
XRP ETFs extended their positive run to 10 sessions with $5.64 million in net inflows, according to SoSoValue. Solana ETFs also recorded their 10th consecutive positive day, though the article did not specify the amount.
The broader crypto market remained stable, with Bitcoin holding near the $78,700 level as of this writing.