Bitcoin and Ether ETFs Soar as Blackrock Leads Inflows

Bitcoin and Ether ETFs continued their strong inflow streak, adding $220 million to their combined net assets. The largest contributor was Blackrock's IBIT, which drew in $128.69 million into bitcoin funds for a fourth consecutive day.

This brings the total inflows for bitcoin ETFs over the past four days to $755 million. Total bitcoin ETF trading value reached $1.36 billion, with combined net assets closing at $78.77 billion. This resilience in ownership during market decline was highlighted by Austrian economist and investment manager Lawrence Lepard.

Ether funds also experienced significant inflows, adding $92.15 million across five funds, led by Blackrock's ETHA which drew $81.14 million. Grayscale's Ether Mini Trust and ETHE added $4.55 million and $3.07 million respectively. No ether ETF posted an outflow.