BlackRock Grabs 62% of $338M in Bitcoin ETF Inflows as BTC Holds Above $80,000

BlackRock's iShares Bitcoin Trust captured 62% of $338 million in net inflows into US spot Bitcoin exchange-traded funds on August 24, as BTC held above the $80,000 threshold.

The asset manager's flagship crypto product absorbed roughly $209 million, reinforcing its position as the dominant vehicle for institutional Bitcoin exposure through regulated financial products.

BlackRock also drew in $90.92 million into its iShares Ethereum Trust (ETHA), accounting for 78% of the $116 million that flowed into US spot Ethereum ETFs on August 24.

The concentration of inflows at BlackRock underscores a broader pattern in the crypto ETF market, with institutional capital gravitating toward the largest and most liquid issuers.