Blackrock Leads Bitcoin and Ether ETF Inflows as Institutional Demand Strengthens
Bitcoin exchange-traded funds (ETFs) saw significant inflows on Wednesday, extending their streak to three days. The category collected a total of $244.42 million in net inflows across five funds, led by Blackrock's IBIT with a $196.83 million addition.
The strong demand for bitcoin ETFs was driven largely by institutional investors, with Blackrock once again playing a dominant role. ARK 21Shares' ARKB and Fidelity's FBTC also attracted notable inflows, while Bitwise's BITB and Morgan Stanley's MSBT saw smaller additions.
Notably, Vaneck's HODL was the only fund to record an outflow, with a $14.67 million withdrawal that had little impact on the category's overall advance.
Total bitcoin ETF trading value reached $1.58 billion, while combined net assets closed at $79.21 billion.