For the eighth consecutive session, institutional interest in cryptocurrency exchange-traded funds (ETFs) has remained consistently high.
Bitcoin and ether collectively attracted another $424 million, while demand for smaller cryptocurrencies on the market has intensified. $HYPE demonstrated a particularly strong session relative to its size, and $XRP funds continued their recent inflow streak.
Bitcoin ETFs attracted $232.12 million, with Blackrock's IBIT once again contributing the most. IBIT attracted $200.76 million. It was followed by Grayscale's Bitcoin Mini Trust with $46.83 million, and Fidelity's FBTC attracted $25.59 million.
Bitwise's BITB received $5.96 million, and Morgan Stanley's MSBT received $3.37 million. An outflow of $50.39 million from Grayscale's GBTC reduced the final total. The daily trading volume of Bitcoin ETFs reached $2.26 billion. The total net asset value at the close was $98.63 billion, remaining near the $100 billion mark.
Ether ETFs demonstrated equally convincing results: the net inflow was $192.35 million, with no outflows reported. The leader was Blackrock's ETHA ETF with an inflow of $115.66 million. Grayscale's Ether Mini Trust attracted $34.67 million, and Fidelity's FETH attracted $32.01 million.
Blackrock's ETHB ETF received $6.37 million. TETH from 21Shares and EZET from Franklin Templeton attracted $2.71 million and approximately $937,000 respectively. The trading volume of Ether ETFs was $951.11 million, and net assets grew to $15.13 billion.
$XRP and $HYPE Attract More Funds from the Altcoin Segment
ETFs on $XRP recorded a net inflow of $28.14 million. The leader in inflows was Bitwise's $XRP fund, followed by XRPZ from Franklin Templeton and XRPC from Canary. Total assets at the end of the day were $1.40 billion.
ETFs on $HYPE attracted $14.71 million, a significant gain for a category with net assets of $419.48 million. Bitwise's BHYP fund attracted $9.57 million, Grayscale's HYPG attracted $3.73 million, and 21Shares' THYP attracted $1.41 million. $HYPE ETF assets currently account for approximately 2.35% of the token's market capitalization.
Solana funds attracted $9.14 million. The leader was Morgan Stanley's MSOL fund with $5.51 million, followed by Bitwise's BSOL with $2.65 million and Vaneck's VSOL with approximately $973,000. Net assets at the end of the day were $1.26 billion, corresponding to roughly 2.23% of Solana's market value.
Nate Geraci, President of ETF Store, stated that Blackrock's current strategy regarding spot cryptocurrency ETFs remains strictly focused on Bitcoin and Ether, despite the high returns of the IBIT, ETHA, and ETHB funds.
He argued that the company is effectively making a "market forecast that no other crypto assets possess sufficient value," while predicting that Blackrock will ultimately expand its lineup with additional spot cryptocurrency ETFs.
The capital flows recorded on Wednesday intensify this debate. Capital is increasingly moving beyond Bitcoin and Ether, and smaller ETF categories are beginning to gain significant weight relative to their underlying markets.
