Money continued to flow rapidly into the largest cryptocurrency funds. Bitcoin and Ether ETFs collectively attracted over $305 million, with Blackrock once again leading the charge, and institutional demand strengthened for the third consecutive session.
The overall market picture was mixed. Funds for $HYPE finally found buyers, ETFs for $XRP faced outflows, while Solana products remained in the shadows.
Blackrock Leads Another Strong Session
Bitcoin ETFs (Exchange-Traded Funds) recorded a net inflow of $244.42 million across five funds. Blackrock's IBIT accounted for the majority of this sum — $196.83 million. It was followed by ARK 21Shares' ARKB with $37.63 million, while Fidelity's FBTC attracted $11.28 million.
Bitwise's BITB attracted $10.56 million, and Morgan Stanley's MSBT attracted $2.79 million. Vaneck's HODL fund was the only one to lose capital, recording an outflow of $14.67 million. This outflow had practically no impact on the overall category growth.
The total trading volume for Bitcoin ETFs reached $1.58 billion. Combined net assets at the end of the day stood at $79.21 billion.
Ether ETFs also continued their positive trend, attracting $60.86 million across five products. The leader was Blackrock's ETHA ETF with an inflow of $50.34 million. The same company's staking-oriented ETHB ETF attracted $4.94 million, while Fidelity's FETH ETF attracted $2.87 million.
Bitwise's ETHW ETF and 21Shares' TETH ETF attracted $1.37 million and $1.34 million, respectively. No Ether ETF recorded an outflow. The trading volume for the entire category was $550.67 million, and net assets at the end of the session totaled $10.61 billion.
$HYPE Halt Decline Amid Weakening $XRP
ETF funds for $HYPE returned to inflows after a prolonged period of redemptions. Bitwise's BHYP fund attracted approximately $966,690, pushing combined net assets up to $267.78 million. Trading volume reached $11.63 million. The growth was modest, but it was the first sign that selling pressure might be easing after several challenging weeks.
ETFs for $XRP moved in the opposite direction. Bitwise's $XRP fund recorded an outflow of $3.58 million, which constituted the entire net outflow for this category. Trading volume for $XRP ETFs rose to $20.16 million. Net assets fell below the $1 billion threshold, closing at $993.38 million.
ETFs for Solana recorded neither net issuances nor redemptions. Combined assets at the end of the day stood at $878.51 million.
Wednesday's performance allowed Bitcoin and Ether to remain in the spotlight for institutional investors. Blackrock remained the dominant source of demand, while activity for funds dealing with smaller tokens continued to fluctuate sharply from one trading session to another.
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