As the week progressed, capital continued to flow into the largest cryptocurrency ETFs. Bitcoin funds attracted another nine-figure sum, demand for Ethereum surged sharply, and several altcoin products found new buyers.
The overall market trend remained positive, although Solana ETFs saw moderate outflows.
Blackrock Led Another Strong Bitcoin Session
Bitcoin ETFs recorded a net inflow of $128.69 million across six funds. The majority of this volume was once again provided by Blackrock's IBIT, which attracted $128.33 million. Morgan Stanley's MSBT fund attracted $14.94 million, and Fidelity's FBTC brought in $11.20 million.
Grayscale's GBTC and Bitcoin Mini Trust contributed $7.48 million and $6.83 million respectively. Bitwise's BITB fund attracted another $1.75 million. Outflows from two funds partially offset these figures. Vaneck's HODL fund lost $32.77 million, and Valkyrie's BRRR fund recorded an outflow of $9.07 million.
The total trading volume of Bitcoin ETFs reached $1.36 billion. The aggregate net asset value at the close was $78.77 billion. This latest inflow extended Bitcoin's winning streak to four trading sessions.
Austrian economist and investment manager Lawrence Lepard highlighted the resilience of ETF holders amidst a broader market decline. He noted that while the value of Bitcoin ETFs had fallen sharply from peak levels, the total number of shares outstanding had decreased much less, indicating limited net selling by holders.
Ethereum Gains Momentum Amid Ongoing Recovery $HYPE
Ethereum ETFs delivered some of the day's best performance, attracting $92.15 million across five funds.
Blackrock's ETHA ETF led with an inflow of $81.14 million. Grayscale's Ether Mini Trust and ETHE attracted $4.55 million and $3.07 million respectively. Blackrock's ETHB fund received $1.96 million, and Fidelity's FETH brought in $1.42 million. No Ethereum ETF recorded an outflow.
The total trading volume of Ethereum ETFs reached $435.46 million, with net assets at the day's end totaling $10.64 billion.
ETFs for $XRP also returned to positive territory, recording an inflow of $3.45 million. Bitwise's $XRP fund attracted $2.89 million, while Franklin Templeton's XRPZ brought in approximately $562,000. Net assets at the close were $964.21 million.
ETFs for $HYPE continued their recovery thanks to an inflow of $2.84 million into Bitwise's BHYP fund. Trading volume reached $5.10 million, and net assets at the end of the day were $265.04 million.
Solana ETFs showed the opposite trend. Fidelity's FSOL fund recorded an outflow of $859,450, bringing its total net assets to $857.24 million.
Thursday's flows confirmed the week's main trend: institutional demand remains focused on Bitcoin and Ethereum, with Blackrock continuing to attract the largest share of new capital.
