Crypto ETF Inflows Soar as Bitcoin, Ethereum, and XRP See Consistent Gains

Crypto exchange-traded funds (ETFs) saw significant inflows for Bitcoin, Ethereum, and XRP this week, with some issuers recording five consecutive days of inflows.

According to Wu Blockchain's update on August 24, spot Bitcoin ETFs pulled in $1.918 billion in net inflows between August 17 and August 21. Spot Ethereum ETFs added $697 million during the same period.

The influx of capital into these funds has been consistent across various issuers, with BlackRock's IBIT leading the way for Bitcoin with $239.28 million in inflows on August 21. Fidelity's FBTC and Grayscale's BTC fund also saw significant inflows that day.

Ethereum's spot ETFs matched Bitcoin's five-day streak of inflows, adding $184.93 million on August 21 alone. Six issuers recorded inflows for Ethereum, with BlackRock's ETHA bringing in $150.83 million.

XRP's spot ETFs extended a four-day inflow run, with Bitwise and Franklin driving the gains on August 21. While XRP's market remains smaller compared to Bitcoin and Ethereum, its cumulative net inflows have reached $1.55 billion since launch.