BlackRock Adds Over 60% of Bitcoin's $338 Million ETF Inflow While ETH Also Jumps
BlackRock led net inflows across both Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) on Aug. 24, with a $209 million Bitcoin ETF inflow from its iShares Bitcoin Trust (IBIT) and $90.92 million from its Ethereum fund, ETHA.
Spot Bitcoin ETFs recorded $337.60 million in total net inflows for the day, per CoinGlass data. Spot Ethereum ETFs added $116 million, marking a sixth straight day of gains.
BlackRock Leads Bitcoin ETF Inflows
IBIT's $209 million accounted for roughly 62% of the day's total Bitcoin ETF inflow, CoinGlass data shows. The fund extended a stretch of strong demand that included a $606 million Bitcoin inflow just days earlier.
Total net assets across spot Bitcoin ETFs stood at $79.16 billion as of the latest update. BTC traded over $80,000 at the time of writing.
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