Bitcoin, Ether ETFs Pull in $827 Million as Crypto Rally Spreads

Key Takeaways

• Blackrock led $606.29M into bitcoin exchange-traded funds (ETFs) on Thursday, with IBIT capturing 82% of inflows.
• Solana gained $14.58M, XRP $13.24M, and HYPE $5.86M as ETF demand broadened.
• Bitcoin ETF assets hit $90.16B, testing whether August’s rally can keep widening.

Demand Surges as Bitcoin ETFs Add $606.29M

The ETF market caught another wave of the crypto rally on Thursday, and this time the buying reached almost every corner.

Bitcoin funds drew more than $600 million in fresh capital, extending a powerful run that has accompanied the cryptocurrency’s climb above $70,000. Ether followed with another large inflow, while solana, XRP, and HYPE products also gained.

Blackrock Captures 82% of Bitcoin Inflows

Bitcoin ETFs recorded $606.29 million in net inflows across five funds.

Blackrock’s IBIT dominated the session with $502.99 million, accounting for about 82% of the daily total. Fidelity’s FBTC added $64.74 million, while Bitwise’s BITB attracted $26.39 million.

ARK 21Shares’ ARKB brought in $12.15 million, and Invesco’s BTCO added $3.61 million. Vaneck’s HODL was the only fund to move against the tide, posting a $3.59 million outflow.

Trading remained elevated after Wednesday’s surge. Total bitcoin ETF turnover reached $5.41 billion, while combined net assets climbed to $90.16 billion, nearly $6 billion above the previous session.