Blackrock-Backed Crypto ETFs Attract Record $260M Inflows

Blackrock's institutional demand for cryptocurrencies is driving significant inflows into Bitcoin and Ether ETFs. According to Pluang, on Tuesday alone, Bitcoin ETFs attracted $189.30 million in inflows, with Blackrock's IBIT leading the charge at $143.57 million. Meanwhile, Ether ETFs gained $71.47 million mainly driven by Blackrock's ETHA.

This surge in institutional interest is reflected across other smaller crypto ETFs such as XRP and Solana, indicating a broad appetite for diversified crypto exposure through ETFs. However, the trend also highlights consolidation pressures on smaller issuers, with Hashdex’s DEFI ETF entering liquidation.