Blackrock has firmly reasserted its dominance in the U.S. spot bitcoin ETF market, fueling a strong inflow of fresh capital that pushed total Bitcoin ETF investments up by $233.13 million on Thursday. The flagship IBIT fund captured the lion’s share, bringing in $183.38 million alone, which accounted for nearly 79% of the day's inflows.
The inflows extended a two-day recovery following a brief pause after four consecutive days of outflows. Seven Bitcoin funds attracted fresh money with no outflows reported, signaling renewed institutional appetite for digital assets. Bitwise’s BITB added $20.74 million, Fidelity’s FBTC pulled in $15.50 million, and Morgan Stanley’s MSBT gained $7.42 million. Smaller contributions came from Vaneck’s HODL and Grayscale’s Bitcoin Mini Trust with $2.29 million each, and ARK 21Shares’ ARKB with $1.50 million. The total trading volume surged to $1.73 billion, while combined net assets in Bitcoin ETFs closed at $78.76 billion.
While Blackrock’s IBIT has netted approximately $350 million in inflows this July, it still trails its heavy outflows from May and June, which reached $1.41 billion and $3.55 billion respectively. This recent inflow suggests a cautious return of confidence after a turbulent quarter.
Altcoin ETFs See Modest Gains
Ether ETFs joined the positive momentum, chalking up $13.29 million in net inflows. Blackrock’s ETHA led this group with $16.24 million, supported by Bitwise’s ETHW and Morgan Stanley’s MSSE funds. XRP ETFs performed robustly, pushing assets beyond $1 billion amid the week’s strongest inflow for the token. Solana funds also recorded smaller gains. However, the HYPE ETF paused its five-day outflow streak, stabilizing at $260.44 million as investors await potential demand shifts in August.
This uptick in Bitcoin and altcoin ETFs follows a period of volatility, offering fresh signs of institutional investors recalibrating their exposure to the crypto market. Meanwhile, Bitcoin price traded slightly lower, reflecting cautious market sentiment despite the ETF inflows.
This article is for informational purposes only and does not constitute financial advice.
