Blackrock Pulls $122M Into Bitcoin ETFs as Ether Loses $202M

Key Takeaways

• Bitcoin ETFs drew $118.86M on Tuesday, driven by Blackrock’s IBIT with $122M in inflows.
• Ether ETFs lost $201.89M, extending withdrawals to six sessions as crypto demand diverged.
• The key test is whether IBIT-led bitcoin demand holds while ether redemptions persist.

Bitcoin ETFs Flip Positive With $119M Inflow

Institutional positioning split sharply across the crypto exchange-traded fund (ETF) market Tuesday.

Bitcoin recovered quickly from Monday’s redemptions, with investors putting $118.86 million back into spot funds. Blackrock’s IBIT accounted for $122 million of that demand, reinforcing the fund’s role as the primary destination for fresh institutional capital.

Morgan Stanley’s MSBT added $7.84 million. Grayscale’s Bitcoin Mini Trust recorded a $10.97 million outflow. Trading value reached $1.84 billion, while net assets closed at $110.68 billion.

The concentration matters. Recent flows suggest investors remain willing to add bitcoin exposure, though their preference is increasingly centered on a small group of large, liquid products.

Ether Selling Becomes Harder to Dismiss

Ether ETFs moved deeper into a sustained withdrawal cycle.

The group lost $201.89 million, marking a sixth consecutive session of net outflows. The entire exit came from Blackrock’s ETHA, while every other ether ETF recorded no net movement. Trading activity reached $719.91 million, with net assets falling to $17.36 billion.