Bitcoin exchange-traded funds (ETFs) secured $47 million in fresh inflows, driven by Blackrock and Bitwise, while ether ETFs narrowly extended their inflow streak to 19 days with $5.79 million after a sharp Fidelity outflow.
Blackrock Lifts Both Bitcoin and Ether ETFs as Flows Stay Positive
This article was published more than a month ago. Some information may no longer be current.
WRITTEN BY
SHARE
Ether ETFs Extend Streak to 19 Days Despite Heavy Outflow; Bitcoin ETFs Add $47 Million
Momentum in the crypto ETF market showed contrasting tones on Wednesday, July 30. Bitcoin ETFs posted a decent $47.04 million inflow, thanks to Blackrock and Bitwise shouldering the load.
Blackrock’s IBIT led with $34.37 million, and Bitwise’s BITB contributed $12.66 million, while the rest of the field sat idle. No outflows were recorded, a rare sight in recent weeks. Trading activity remained strong with $3.54 billion changing hands, keeping net assets steady at $151.36 billion.
Ether ETFs, meanwhile, barely clung to the green. The asset class registered $5.79 million in net inflows, marking the 19th consecutive positive day, but it was close. Blackrock’s ETHA pushed $20.27 million, and Grayscale’s ETHE chipped in $7.77 million, yet a massive $22.27 million exit from Fidelity’s FETH nearly erased the day’s gains.
With $1.49 billion in trades, ether ETF net assets now stand at $21.43 billion, reinforcing its growing influence despite uneven flows.
The divergence underscores two narratives: BTC inflows are steady and institutionally anchored, while ETH continues to capture interest, though its streak is becoming harder to sustain as volatility in individual funds grows.
About the author
WRITTEN BYEmmanuel Musa
Emmanuel Musa is a financial journalist and crypto analyst based in Africa.
