Investors Push $79M Into Bitcoin ETFs as Ether Funds Lose $28M

Bitcoins

Crypto ETF demand split sharply on Thursday, July 16, as bitcoin products drew $79.15 million while ether funds lost $28.04 million. XRP and Solana ETFs also attracted fresh capital, while T. Rowe Price launched a multi-token fund with an unusually large HYPE allocation.

Bitcoins Key Takeaways

  • Blackrock led bitcoin ETFs to $79.15M inflows on July 16, while ether funds lost $28.04M.
  • Bitcoin’s 3-day streak and XRP’s $6.78M gain showed demand shifting away from ether.
  • T. Rowe Price’s TKNZ launched with 6.45% in HYPE, widening access to multi-token ETFs.

Bitcoins Bitcoin ETFs Extend Their Inflow Streak to Three Days

Wall Street’s crypto trade moved in two directions at once. Bitcoin ETFs extended their inflow streak to a third session as ether products slipped back into redemptions, showing that investors remain selective even as money returns to parts of the market.

Bitcoins Bitcoin Draws the Cash as Ether Loses Ground

Three funds accounted for all of bitcoin’s $79.15 million net inflow. Blackrock’s IBIT led with $33.44 million, followed closely by Fidelity’s FBTC at $30.73 million. Bitwise’s BITB added the remaining $14.98 million.

Trading activity remained firm. Total value traded reached $997.79 million, while combined net assets ended the session at $77.72 billion.

bitcoins Investors Push $79M Into Bitcoin ETFs as Ether Funds Lose $28M
Three green days in a row for bitcoin ETFs. Source: Sosovalue

Ether ETFs told the opposite story. Grayscale’s Ether Mini Trust recorded the largest withdrawal at $14.28 million. Fidelity’s FETH lost $11.20 million, and Grayscale’s ETHE shed $4.84 million.

Bitwise’s ETHW was the only fund to attract capital, taking in $2.28 million. That was not enough to prevent a $28.04 million net outflow across the group. Ether ETF trading volume totaled $431.23 million, with net assets closing at $10.10 billion.

Bitcoins XRP and Solana Gain as TKNZ Widens the Field

XRP ETFs returned to inflows after two sessions with no net movement. The products added $6.78 million, led by $4.41 million for Bitwise’s XRP fund and $2.38 million for Franklin’s XRPZ. Total trading value was $11.85 million, while net assets rose to $997.18 million.

Solana ETFs brought in $1.66 million, primarily through Grayscale’s GSOL. The category posted $54.74 million in trading volume and ended with $879.19 million in net assets. HYPE ETFs, by contrast, recorded no daily flows.

Still, HYPE gained a prominent place in a new fund. T. Rowe Price’s TKNZ began trading as the first actively managed multi-token spot crypto product, carrying a 0.75% fee and about $15 million in initial assets.

Its opening portfolio allocated 40.75% to bitcoin, 18.42% to ether, 11.01% to BNB, 9.44% to solana, 9.37% to XRP, and 6.45% to HYPE. Smaller positions included XLM and Dogecoin. Bloomberg ETF analyst Eric Balchunas described the portfolio as underweight bitcoin and overweight most other tokens, particularly HYPE.

The launch adds a new layer to the ETF market. Investors can now buy an actively managed basket rather than choosing a single-token product, while Thursday’s flows showed that capital is still favoring bitcoin over ether.

Emmanuel Musa Read More

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