Blackrock Powers Bitcoin ETF Gains as Ether ETFs Extend Bullish Run to Day 13

CN
1 day ago

$87 Million Inflow Pushes Bitcoin ETFs Higher With Ether ETFs Seeing Continued Momentum

Momentum hasn’t slowed for digital asset ETFs. Bitcoin ETFs registered a net inflow of $86.92 million, marking another recovery day as markets continue to find their bullish rhythm.

There were two major players in the trading session: Blackrock’s IBIT and Fidelity’s FBTC. Blackrock took the spotlight with a massive $283.96 million inflow, reinforcing its role as the market’s institutional favorite. Meanwhile, Fidelity’s FBTC posted a significant $197.04 million outflow, but it wasn’t enough to tip the scales red. The day still ended with net gains for bitcoin ETFs.

Blackrock Powers Bitcoin ETF Gains As Ether ETFs Extend Bullish Run to Day 13

Source: Sosovalue

The total value traded came in at $2.38 billion, and the total net assets for the bitcoin ETF market settled at $126.67 billion.

Ether ETFs kept their hot streak alive with a 13th consecutive day of net inflows, raking in $56.98 million. Blackrock’s ETHA once again led the charge, contributing $73.18 million, while Grayscale’s Ether Mini Trust added $7.42 million. The lone drag came from Fidelity’s FETH, which saw a $23.62 million outflow.

Despite the pull from Fidelity, ether ETFs remained in the green, trading $386.06 million across the board and pushing total net assets up to $9.88 billion. The trend, for now, remains decisively bullish.

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