New August investments flowed in quickly. Investors directed over $170 million into Bitcoin exchange-traded funds (ETFs) during a broad trading session that lifted nearly all active products, providing the market with a confident opening after Bitcoin funds ended July with a weekly loss.
Ethereum took a different path. Outflows from several major funds outweighed demand for BlackRock and Morgan Stanley products.
BlackRock Leads Overall Bitcoin ETF Growth
BlackRock's IBIT ETF attracted $111.43 million, accounting for nearly two-thirds of the day's net inflows in this category. Fidelity's FBTC ETF returned to positive territory, adding $33.36 million. Franklin Templeton's EZBC fund attracted $9.23 million, and Invesco's BTCO attracted $6.67 million.
VanEck's HODL fund attracted $4.52 million. Bitwise's BITB and ARK 21Shares' ARKB funds rounded out the growth with inflows of $2.77 million and $2.12 million, respectively. No Bitcoin ETF recorded an outflow. The total trading volume reached $2.11 billion, the highest turnover among the tracked cryptocurrency ETF categories. Combined net assets at the day's end stood at $77.58 billion.
Ethereum ETFs showed mixed dynamics, resulting in a net outflow of $11.42 million. BlackRock's ETHA fund lost $9.03 million, followed by an outflow of $7.84 million from Grayscale's ETHE fund. Fidelity's FETH fund lost approximately $931,000.
An inflow of $5.78 million into BlackRock's ETHB ETF and approximately $603,000 into Morgan Stanley's MSSE ETF softened this decline. The trading volume for Ethereum ETFs was $519.90 million, and net assets at the period's end were $10.23 billion.
$XRP Rises Amid Fund Buyback Resumption by $HYPE
ETFs on $XRP attracted $1.15 million, with the entire inflow attributed to Canary Capital's XRPC fund. Trading volume reached $9.99 million, and combined net assets at the day's end were $1.01 billion.
$HYPE ETFs once again recorded outflows after a quiet session. Grayscale's HYPG fund lost approximately $964,000, reducing combined net assets to $253.23 million. Total trading volume was $10.30 million.
Solana ETFs recorded no net share issuance or buybacks. Existing shares were still traded on the secondary market, and combined net assets at the day's end were $871.90 million.
The Bitcoin inflows for the day occurred after Intesa Sanpaolo reported significant changes to its cryptocurrency ETF portfolios at the end of the quarter. The Italian banking group reduced its common stock position in IBIT by 93.7% between March 31 and June 30, leaving 40,723 shares. It also reported a new put option position tied to 500,000 underlying IBIT shares.
Its portfolio in the iShares Staked Ethereum Trust grew from 116,200 to 349,600 shares, while its position in the Bitwise Solana Staking ETF decreased from 2,817 shares to seven. Intesa Sanpaolo's report contains only end-of-quarter data and does not disclose the full structure of the bank's options or its net risk exposure.
Monday's fund flows showed a resurgence in demand for Bitcoin from a broad range of issuers. Ethereum faced selling pressure again, while activity from smaller cryptocurrency funds remained moderate.
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