Bitcoin and ether exchange-traded funds (ETFs) saw a combined $503 million in inflows on Thursday, marking one of the strongest days for institutional sentiment in recent weeks. Bitcoin notched its second consecutive green day, while ether funds posted their largest inflow since mid-July.
Bitcoin and Ether ETFs Surge With $503 Million Inflows as Recovery Momentum Builds
This article was published more than a month ago. Some information may no longer be current.
WRITTEN BY
SHARE
Crypto ETFs Roar Back: BTC Pulls in $281 Million, ETH Adds $222 Million
Institutional money came roaring back into the crypto ETF market on Thursday, August 7, as both bitcoin and ether funds posted massive inflows, signaling a surge in buying appetite.
Bitcoin ETFs brought in $280.69 million, extending their recovery streak to a second day. Blackrock’s IBIT was the clear driver, pulling in $156.64 million, more than half of the day’s total. Fidelity’s FBTC followed with $43.45 million, while Vaneck’s HODL added $21.49 million.
The Grayscale Bitcoin Trusts (GBTC and Bitcoin Mini Trust) jointly contributed $35.65 million. Additional inflows came from Bitwise’s BITB (+$17.17 million), Franklin’s EZBC (+$3.38 million), and Valkyrie’s BRRR (+$3.30 million). A token outflow of $388K from Ark 21shares’ ARKB barely dented the day’s bullish tone. Trading volume surged to $3.55 billion, with net assets climbing to $150.97 billion.
Ether ETFs joined the rally with a $222.34 million net inflow, their best day in weeks. Blackrock’s ETHA led the charge with $103.52 million, while Grayscale’s Ether Mini Trust (+$34.61 million) and Fidelity’s FETH (+$31.82 million) added substantial weight.
Bitwise’s ETHW saw $24.79 million enter, followed by Grayscale’s ETHE (+$10.87 million), Vaneck’s ETHV (+$7.04 million), Franklin’s EZET (+$5.84 million), and Invesco’s QETH (+$3.86 million). No outflows were recorded as total trading volume came in at $1.90 billion and net assets jumped to $21.80 billion.
With back-to-back green days for BTC and a broad-based rally in ETH ETFs, market sentiment appears to be turning decisively upward, at least for now.
