BlackRock Dominates Bitcoin ETF Inflows as Others Struggle

U.S. Bitcoin exchange traded funds (ETFs) posted a fifth straight day of positive net inflows on Wednesday, totaling $105.9 million.

BlackRock’s IBIT, which is the largest Bitcoin ETF by net asset size, recorded daily net inflows of $184.4 million yesterday, as reported by Farside. The only other ETF to see inflows on Wednesday was Bitwise’s BITB, which added $2.1 million.

In contrast, Ark Invest and 21Shares’ ARKB saw net outflows of $47.4 million on Wednesday, along with Fidelity’s FBTC, which saw outflows of $33.2 million. The other eight funds, including Grayscale’s GBTC, reported no net inflows or outflows on the day.

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Spot Ethereum ETFs also registered net inflows on Wednesday, totaling $43.2 million. Leading the way was the Grayscale Ethereum Mini Trust with positive inflows of $26.6 million.

BlackRock’s ETHA had net inflows of $9.4 million, followed by Fidelity’s FETH with $6.4 million. Additionally, 21Shares’ CETH saw inflows of approximately $0.8 million, marking its first positive inflow since July 31.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.