Blackrock Leads Another Strong Bitcoin Session Amid ETF Inflows

Capital continued to flow into the largest crypto ETFs as the week progressed. Bitcoin funds added another nine-figure haul, ether demand strengthened sharply, and several altcoin products found fresh buyers.

The broad tone remained constructive across the market, although solana ETFs slipped into a modest outflow.

Blackrock's IBIT once again carried most of the load in bitcoin ETF inflows, attracting $128.33 million on Thursday. Morgan Stanley's MSBT added $14.94 million, while Fidelity's FBTC brought in $11.20 million. Grayscale's GBTC and Bitcoin Mini Trust contributed $7.48 million and $6.83 million, respectively.

However, withdrawals from two funds partially reduced those gains. Vaneck's HODL lost $32.77 million, while Valkyrie's BRRR recorded a $9.07 million outflow.

Ether ETFs produced one of the day's strongest results, drawing $92.15 million across five funds. Blackrock's ETHA dominated with an $81.14 million inflow. Grayscale's Ether Mini Trust and ETHE added $4.55 million and $3.07 million, respectively.

Austrian economist Lawrence Lepard highlighted the durability of ETF ownership during the broader market decline, noting that while bitcoin ETF values have fallen sharply from their peak, total shares outstanding have declined by far less, suggesting limited net selling among holders.