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7 Bitcoin Funds Gain as Blackrock Pulls $183.38M
The institutional bid for bitcoin returned with force. After ending a four-day losing streak one session earlier, U.S. spot bitcoin ETFs drew more than $233 million as fresh capital flowed into seven funds with no product reporting outflows.
Ether ETFs also moved back into the green. $XRP products posted their strongest inflow of the week, while solana recorded a smaller gain.
Blackrock Powers Broad Bitcoin ETF Advance
Blackrock’s IBIT led the bitcoin category with $183.38 million in inflows, accounting for nearly four-fifths of the daily total. Bitwise’s BITB followed with $20.74 million, while Fidelity’s FBTC added $15.50 million. Morgan Stanley’s MSBT attracted $7.42 million.
Vaneck’s HODL and Grayscale’s Bitcoin Mini Trust each received $2.29 million. ARK 21Shares’ ARKB completed the inflows with a $1.50 million addition. The absence of outflows made the session notably broad. Total trading value reached $1.73 billion, while combined net assets closed at $78.76 billion.
Blackrock remains the dominant force in the U.S. spot bitcoin ETF market. IBIT has attracted about $350 million in net inflows during July, helping lead the category’s recovery. Still, that monthly gain remains small beside the fund’s reported outflows of $1.41 billion in May and $3.55 billion in June.
Ether Returns to Inflows as $XRP Reaches $1 Billion
Ether ETFs recorded a $13.29 million net inflow during a mixed session.
Blackrock’s ETHA led with $16.24 million. Bitwise’s ETHW added $1.37 million, Morgan Stanley’s MSSE drew about $413,000, and 21Shares’ TETH gained roughly $383,000.
Those additions were partly offset by withdrawals. Fidelity’s FETH lost $2.87 million, Grayscale’s ETHE shed $1.55 million, and Vaneck’s ETHV posted a $702,000 outflow. Ether ETF trading value totaled $422.72 million, with net assets closing at $10.52 billion.
$XRP ETFs attracted $5.98 million. Bitwise’s $XRP fund received $3.03 million, while Franklin Templeton’s XRPZ added $2.95 million. Combined net assets returned to the $1 billion mark.
Solana ETFs posted a modest $403,890 inflow, entirely through Morgan Stanley’s MSOL. Trading value reached $31.83 million, while net assets ended at $878.33 million.
HYPE ETFs recorded no net creations or redemptions, pausing a prolonged outflow streak. Net assets closed at $260.44 million.
Thursday’s figures showed a broader return of risk appetite. Bitcoin led decisively, but positive flows across ether, $XRP and solana suggested that institutional demand was no longer confined to a single corner of the crypto market.