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.

READ MORE:

Bitcoin Eyes New Heights, Will Altcoins Follow?

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