Blackrock Dominates Crypto ETF Market with $170M Inflow

Blackrock is dominating the crypto ETF market, leading $170 million into the iBit exchange-traded fund (ETF) and $42.46 million into the Ethereum Trust ETF (ETHA). These funds captured more than 80% of bitcoin inflows and over 80% of ether inflows on Tuesday.

Total trading value for bitcoin ETFs reached $1.57 billion, with combined net assets closing at $78.26 billion. The category's combined inflows for the first two days in August already exceeded July's total net inflows.

Ether ETFs also saw a boost, drawing $53.75 million across four products. Blackrock's ETHA dominated this category as well, accounting for more than 80% of ether inflows.