BlackRock’s Ethereum ETF Inflows Surpass Bitcoin ETF Inflows
According to Farside data, July 30 saw significant movements in the ETF market. Bitcoin ETFs experienced an $18.3 million outflow, the first since July 23. Three of the four largest ETF issuers, including Bitwise’s BITB, ARK’s ARKB, and Fidelity’s FBTC, reported outflows. However, BlackRock’s IBIT ETF bucked the trend, recording inflows for the second consecutive day, adding $74.9 million and pushing its total net inflow past the $20 billion mark. Grayscale’s GBTC faced its largest outflow since June 24, with $73.6 million withdrawn, bringing its total outflow to $18.9 billion. Overall, total ETF inflows amounted to $17.7 billion.
On the same day, the Ethereum ETF market recorded a net inflow of $33.7 million, also the first since July 23. Grayscale’s ETHE had its smallest outflow at $120.3 million, while BlackRock’s ETHA saw its largest inflow since July 23, with $118.0 million. This brought the total outflows in Ethereum ETFs to $406.4 million. Notably, BlackRock’s ETHA inflow surpassed its Bitcoin counterpart, IBIT.
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