Blackrock Drives Bitcoin ETF Recovery as Trading Volume Surges to $2.76B

Bitcoin ETFs snapped back into positive territory on Thursday with $131 million in fresh inflows, signaling a renewed wave of institutional demand after two difficult sessions. Ether ETFs, however, remained under pressure with a fourth consecutive day of outflows, while XRP and solana products continued to attract steady capital.

Key Takeaways

  • Bitcoin ETFs added $131.31M as Blackrock IBIT drew $144.10M in fresh inflows.
  • Ether ETFs lost $5.65M for a 4th day, with Blackrock ETHA leading withdrawals.
  • XRP gained $18.25M, and Solana gained $6.51M as altcoin ETF demand remained resilient.

XRP ETFs Attract $18M as Regulatory Optimism Fuels Investor Demand

A calmer tone returned to crypto ETF markets, though the recovery was uneven. Bitcoin funds regained momentum as large institutional buyers stepped back in, helping stabilize sentiment after a sharp selloff earlier in the week.

Spot bitcoin ETFs recorded net inflows of $131.31 million, supported by broad market participation. Six funds ended the day in positive territory, outweighing losses from four others.

Blackrock’s IBIT once again dominated flows, attracting $144.10 million in fresh capital and reinforcing its position as the market’s primary institutional vehicle. Bitwise’s BITB and Grayscale’s Bitcoin Mini Trust followed with inflows of $17.70 million and $12.60 million, respectively.

Additional gains came from Vaneck’s HODL, Morgan Stanley’s MSBT, and Fidelity’s FBTC, all of which posted smaller but meaningful additions.

Blackrock Drives Bitcoin ETF Recovery as Trading Volume Surges to $2.76B
Mixed trading week for bitcoin ETFs with two days each of inflows and outflows.

The inflows were partially offset by continued selling in several funds. Grayscale’s GBTC led the outflows with a $31.64 million exit, while Franklin’s EZBC, Ark & 21Shares’ ARKB, and Invesco’s BTCO also ended the session lower.

Trading activity surged as investor participation picked up. Total value traded across bitcoin ETFs reached $2.76 billion, while total net assets climbed to $107.75 billion.

Ether ETFs continued to struggle, though the pace of withdrawals slowed considerably. The category posted net outflows of $5.65 million, extending its losing streak to four straight sessions.

Blackrock’s ETHA remained the largest drag with a $13.21 million exit, while Blackrock’s ETHB lost another $3.55 million. There were signs of selective buying beneath the surface. Fidelity’s Ether product attracted $6.88 million, while Vaneck’s ETHV and Franklin’s EZET added smaller inflows.

Even so, the gains were not enough to fully reverse the broader weakness. Trading volume across ether ETFs reached $600.91 million, with net assets ending at $13.45 billion.

XRP ETFs resumed their upward momentum with $18.25 million in net inflows. Bitwise’s XRP fund led the category with $7.01 million, followed closely by Franklin’s XRPZ at $6.64 million and Canary’s XRPC at $4.87 million.

The steady demand suggests investor appetite for XRP-linked products remains intact, particularly as regulatory optimism continues to build around the asset. Trading activity totaled $46.78 million, with net assets rising to $1.25 billion.

Solana ETFs also extended their positive streak, recording $6.51 million in inflows. Bitwise’s BSOL accounted for the majority of the gains with $3.77 million, while Fidelity’s FSOL added $2.73 million. Total value traded reached $46.94 million, with net assets closing at $1.05 billion.

The broader flow picture points to a market becoming increasingly selective. Bitcoin remains the centerpiece of institutional allocation, ether continues to face hesitation, and capital is steadily rotating toward alternative assets tied to growth and evolving regulatory narratives.

Emmanuel Musa
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