Bitcoin News Today: Bitcoin ETFs See $403 Million Inflows Led by Blackrock’s IBIT

Bitcoin and ether exchange-traded funds (ETFs) continued to attract significant institutional investment, with bitcoin ETFs experiencing their ninth consecutive day of inflows, totaling $403 million. This surge was largely driven by Blackrock’s IBIT, which alone absorbed $416.35 million, underscoring the dominant role of major players in the market.

Other notable contributors included Vaneck’s HODL with $18.99 million, Grayscale’s Bitcoin Mini Trust with $18.56 million, Bitwise’s BITB with $12.70 million, and Franklin’s EZBC with $6.76 million. Despite these gains, some ETFs faced outflows, with Grayscale’s GBTC losing $41.22 million, Fidelity’s FBTC shedding $22.93 million, and ARK 21Shares’ ARKB losing $6.21 million. Overall, the market remained robust, with total trading volume reaching $6.70 billion and net assets closing at $149.66 billion.

Ether ETFs also saw impressive performance, marking their eighth straight day of inflows with a total of $192.33 million. Blackrock’s ETHA led the way with $171.52 million in inflows, followed by Fidelity’s FETH with $12.22 million and Grayscale’s Ether Mini Trust with $8.59 million. The trading volume for ether ETFs hit an all-time high of $1.62 billion, and net assets rose to $14.22 billion, indicating a strong and accelerating trend in institutional interest.

This sustained bullish wave in both bitcoin and ether ETFs highlights the growing confidence of institutional investors in the cryptocurrency market. The consistent inflows and record-breaking trading volumes suggest that these digital assets are increasingly being viewed as viable investment options, potentially driven by factors such as regulatory clarity, technological advancements, and the broader acceptance of cryptocurrencies in mainstream finance.