BlackRock Invests $431 Million in Bitcoin and Ethereum ETFs

The active demand observed at the end of August showed no signs of abating.

Money continued to flow into cryptocurrency ETFs across the board: the assets of Bitcoin funds approached the $100 billion mark, and Ethereum-based products brought in another significant inflow. Funds investing in less popular tokens also attracted fresh capital, making this trading session one of the most active for fund inflows this month.

Bitcoin ETFs attracted $314.37 million, with BlackRock's IBIT leading in this regard. IBIT attracted $284.42 million, accounting for over 90% of the total daily volume. It was followed by Fidelity's FBTC with $15.45 million, and Grayscale's Bitcoin Mini Trust attracted $6.98 million.

Morgan Stanley's MSBT fund attracted $4.52 million, and Bitwise's BITB attracted $3 million. No Bitcoin fund recorded an outflow. Trading volume reached $3.52 billion, and total net assets grew to $99.05 billion, leaving this category just a few billion short of the $100 billion mark.

Ethereum ETFs also continued their successful streak, recording a net inflow of $179.80 million.

The leader was BlackRock's ETHA ETF with an inflow of $146.44 million. Fidelity's FETH ETF attracted $25.75 million, and BlackRock's ETHB ETF attracted $7.61 million. No outflows were recorded. Ethereum ETF trading volume reached $980.49 million, and net assets at the end of the day were $14.88 billion.

Solana, $XRP and $HYPE Support Market Breadth

Solana ETFs attracted $32.25 million. The leader was Bitwise's BSOL with $20.43 million, followed by Grayscale's GSOL with $5.20 million and Fidelity's FSOL with $4.93 million. Franklin Templeton's SOEZ fund attracted $1.70 million. Solana ETF assets at the end of the day were $1.27 billion with a trading volume of $86.15 million.

$XRP funds attracted $23.87 million across four products. The leader was the Bitwise fund with $11.02 million, followed by Franklin Templeton's XRPZ with $6.39 million. Grayscale's GXRP and Canary's XRPC funds attracted $4.28 million and $2.19 million respectively.

$HYPE ETF funds attracted $7.51 million, with the leader being 21Shares' THYP fund with an inflow of $4.28 million. Grayscale's HYPG fund attracted $2.31 million, and Bitwise's BHYP attracted about $922,000.

The growing ETF market was supplemented with another product on Tuesday. Grayscale launched its Zcash ETF on the NYSE Arca exchange following the conversion of the Grayscale Zcash Trust. As of August 24, the fund's assets were approximately $314 million, and its portfolio held roughly 387,200 ZEC.

This session confirmed the strength of the current institutional demand, which is spreading not only to Bitcoin and Ethereum but also to an increasingly wide spectrum of digital assets.