Blackrock Dominates Crypto ETF Market with $314M Bitcoin Inflow

Blackrock's dominance in the crypto ETF market continues to grow as its funds attract massive inflows. In the latest session, Blackrock's IBIT drew $284.42 million, accounting for more than 90% of the daily total of $314.37 million in Bitcoin ETF inflows. This brings the seven-day inflow for bitcoin ETFs to $2.57 billion.

The overall trading value reached $3.52 billion, and combined net assets climbed to $99.05 billion, leaving the category just short of the $100 billion mark. Other notable players in the Bitcoin ETF market include Fidelity's FBTC with $15.45 million and Grayscale's Bitcoin Mini Trust with $6.98 million.

The strength of institutional demand extends beyond Bitcoin to other digital assets. Ether ETFs also recorded a winning streak, with $179.80 million in net inflows. Blackrock's ETHA led the charge with $146.44 million, followed by Fidelity's FETH at $25.75 million and Blackrock's ETHB with $7.61 million.