Institutional demand for Bitcoin has returned with renewed strength. After halting a four-day streak of declines in the previous session, U.S. spot Bitcoin ETFs attracted over $233 million, as fresh capital flowed into seven funds, with none of the products reporting outflows.
Ethereum ETFs also returned to positive territory. $XRP products showed the strongest inflows of the week, while Solana recorded more modest growth.
Blackrock Drives Broad Growth in Bitcoin ETFs
Blackrock's IBIT ETF led the Bitcoin category with an inflow of $183.38 million, accounting for nearly four-fifths of the total daily volume. It was followed by Bitwise's BITB ETF with $20.74 million, while Fidelity's FBTC ETF attracted $15.50 million. Morgan Stanley's MSBT fund attracted $7.42 million.
Vaneck's HODL fund and Grayscale's Bitcoin Mini Trust each received $2.29 million. ARK 21Shares' ARKB fund completed the list of inflows, adding $1.50 million. The absence of outflows made the session particularly significant. Total trading volume reached $1.73 billion, and the aggregate net asset value at the close was $78.76 billion.
Blackrock remains the dominant force in the U.S. spot Bitcoin ETF market. In July, the IBIT fund attracted approximately $350 million in net inflows, helping to lead the recovery of this category. However, this monthly gain remains modest compared to the fund's outflows of $1.41 billion in May and $3.55 billion in June.
Inflows into Ethereum ETFs Resume, and $XRP ETF Inflows Reach $1 Billion
Ethereum ETFs recorded a net inflow of $13.29 million during a session of mixed results.
Blackrock's ETHA ETF led with an inflow of $16.24 million. Bitwise's ETHW ETF attracted $1.37 million, Morgan Stanley's MSSE attracted about $413,000, and 21Shares' TETH attracted approximately $383,000.
These inflows were partially offset by outflows. Fidelity's FETH lost $2.87 million, Grayscale's ETHE lost $1.55 million, and Vaneck's ETHV lost $702,000. The trading volume of Ethereum ETFs was $422.72 million, and net assets at the end of the day were $10.52 billion.
$XRP ETFs attracted $5.98 million. Bitwise's $XRP fund received $3.03 million, while Franklin Templeton's XRPZ received $2.95 million. Total net assets returned to the $1 billion mark.
Solana ETFs recorded a modest inflow of $403,890, entirely due to Morgan Stanley's MSOL fund. Trading volume reached $31.83 million, and net assets at the end of the day were $878.33 million.
HYPE ETFs recorded neither net issuances nor redemptions, ending a prolonged streak of outflows. Net assets at the end of the day were $260.44 million.
Thursday's data indicated a broader return of risk appetite. Bitcoin firmly led the way, but positive flows for Ethereum, $XRP, and Solana suggested that institutional demand is no longer limited to a single segment of the cryptocurrency market.
