Blackrock Leads $305M Inflow into Bitcoin and Ether ETFs
Bitcoin and ether exchange-traded funds (ETFs) drew in a combined total of over $305 million on Wednesday, extending their inflow streak to three days.
The largest contributor to these inflows was Blackrock, which led the charge with $244.42 million into Bitcoin ETFs across five funds.
Blackrock's IBIT accounted for most of this total, adding a substantial $196.83 million, followed by ARK 21Shares' ARKB with $37.63 million and Fidelity's FBTC with $11.28 million.
However, not all token funds saw inflows. HYPE ETFs finally broke their prolonged run of withdrawals, but only added a modest $966,690, while XRP ETFs saw a net outflow of $3.58 million.
Total bitcoin ETF trading value reached $1.58 billion, with combined net assets closing at $79.21 billion.