On Thursday, the ETF market experienced another wave of the cryptocurrency rally, this time with buying activity encompassing almost all market segments.
Funds investing in bitcoin attracted over $600 million in fresh capital, extending the powerful growth that accompanied the cryptocurrency's rise above the $70,000 mark. They were followed by ether with another major inflow, while products based on Solana, $XRP, and $HYPE also showed growth.
Blackrock Captured 82% of Bitcoin Fund Inflows
Five bitcoin ETFs recorded a net inflow of $606.29 million.
Blackrock's IBIT fund dominated the session with an inflow of $502.99 million, accounting for about 82% of the total daily volume. Fidelity's FBTC fund attracted $64.74 million, and Bitwise's BITB fund attracted $26.39 million.
ARK 21Shares' ARKB fund attracted $12.15 million, and Invesco's BTCO fund attracted $3.61 million. Vaneck's HODL fund was the only one to go against the trend, recording an outflow of $3.59 million.
Trading activity remained high after Wednesday's spike. The total turnover of bitcoin ETFs reached $5.41 billion, and total net assets grew to $90.16 billion, nearly $6 billion higher than the previous session's figure.
Ether ETFs also demonstrated another day of significant inflows, gathering $220.77 million across six products. The leader was Blackrock's ETHA fund with $173.30 million. Its ETHB fund attracted $35.90 million, and Fidelity's FETH fund attracted $5.79 million.
Bitwise's ETHW fund attracted $2.83 million, Vaneck's ETHV fund attracted $1.70 million, and Morgan Stanley's MSSE fund attracted $1.25 million. No ether ETF recorded an outflow. The total trading volume of ether ETFs reached $2.05 billion, and net assets grew to $13.58 billion.
Solana and $XRP Join the Rally
Solana ETFs attracted $14.58 million, with leaders being Grayscale's GSOL with an inflow of $7.14 million and Bitwise's BSOL with an inflow of $6.57 million. Vaneck's VSOL added approximately $878,000. The trading volume of Solana ETFs was $75.52 million, and net assets exceeded the $1 billion mark, closing at $1.06 billion.
ETFs on $XRP also demonstrated a strong session, adding $13.24 million. Bitwise's $XRP fund attracted $9.90 million, and Franklin Templeton's XRPZ fund attracted $3.34 million. Trading volume soared to $125.45 million, and total net assets reached $1.17 billion.
ETF funds $HYPE ended an overall positive day with a net inflow of $5.86 million, bringing their net assets to $350.31 million.
Thursday's data confirmed a notable shift in the positioning of institutional investors. Major investments still preferred bitcoin and ether, while the stronger inflows into Solana, $XRP, and $HYPE showed that demand continues to spread across the entire cryptocurrency ETF market.
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