Blackrock Drives Three-Day Bitcoin and Ether ETF Inflow Surge
Bitcoin and ether ETFs attracted over $305 million in combined inflows on Wednesday, marking three consecutive days of net gains. Blackrock led the charge with a $244.42 million addition to Bitcoin funds, while ether products drew in $60.86 million.
The largest crypto assets by market cap are experiencing significant institutional demand, with total bitcoin ETF trading value reaching $1.58 billion and combined net assets closing at $79.21 billion. The inflow streak has now extended to three sessions, totaling over $626 million in just the first few days of August.
Blackrock's IBIT accounted for most of the Bitcoin inflows with a $196.83 million addition, followed by ARK 21Shares' ARKB with $37.63 million and Fidelity's FBTC attracting $11.28 million. Bitwise's BITB added $10.56 million, while Morgan Stanley's MSBT received $2.79 million.