Institutional Appetite for Crypto ETFs Remains Strong
Institutional appetite for crypto exchange-traded funds (ETFs) remains strong as Bitcoin and ether ETFs attract $424 million in combined net inflows. Blackrock's IBIT led with $200.76 million, followed by Grayscale's Bitcoin Mini Trust at $46.83 million, and Fidelity's FBTC with $25.59 million.
The eight-session run has brought a total of $2.8 billion in inflows for bitcoin ETFs, with daily trading value reaching $2.26 billion. Net assets have climbed to $98.63 billion, within reach of the $100 billion mark.
Ether ETFs delivered an equally convincing session, with $192.35 million in net inflows and no reported withdrawals. Blackrock's ETHA led with $115.66 million, followed by Grayscale's Ether Mini Trust at $34.67 million, and Fidelity's FETH with $32.01 million.
XRP and HYPE ETFs also saw significant additions, with XRP funds recording $28.14 million in net inflows, and HYPE funds bringing in $14.71 million. Solana funds added $9.14 million, with Morgan Stanley's MSOL leading the way.