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- BlackRock just bumped up its Bitcoin holdings to 16,000 IBIT shares.
- U.S. spot Bitcoin ETFs saw a massive $252 million inflow, the biggest since July.
- BlackRock’s IBIT is leading the Bitcoin ETF game with an $87 million inflow.
BlackRock has upped its Bitcoin game again. The latest portfolio for their Strategic Global Bond Fund shows they’ve added more Bitcoin to their stash.
As of June 30, they’ve got 16,000 shares of the iShares Bitcoin Trust (IBIT) in their bag. This is a jump from 12,000 shares at the end of May.
The U.S. spot Bitcoin ETFs are killing it. They pulled in a cool $252 million in a single day. That’s the biggest cash flow since late July. This has pushed the total value of these ETFs to around $58.4 billion—pretty much the highest it’s been all month.
Now, let’s talk specifics. BlackRock’s IBIT is leading the charge. On Friday, they snagged $87 million in inflows. No surprise there. IBIT’s been the top dog in the spot Bitcoin ETF space since they launched.
Fidelity’s FBTC isn’t far behind. They raked in $64 million, making it the second-highest inflow in the spot Bitcoin ETF market. And then there’s Grayscale’s GBTC, which had a bit of a mixed bag.
Sure, they saw a $35 million outflow, but they also had a solid $50 million flow into their Bitcoin Mini Trust (BTC). Bitwise’s BITB saw $42 million come their way. Ark and 21Shares’ ARKB pulled in $24 million. Even VanEck’s HODL got a slice of the pie with $14 million.
And let’s not forget the smaller funds like Invesco’s BTCO and Valkyrie’s BRRR—they might not have the same numbers, but they still saw $3 million and $2 million in inflows, respectively.
While Bitcoin ETFs are having their moment, Ethereum ETFs are going through a rough patch. Since August 15th, they’ve been bleeding cash, with net outflows totaling nearly $99 million over seven straight days.
Ouch.
On that same Friday when Bitcoin ETFs were riding high, Ether funds saw $5.7 million walk out the door. Grayscale’s ETHE took the hardest hit, with a $9.8 million outflow, dragging their total assets into the red.
But not every Ether ETF is sinking. VanEck’s ETHV managed to pull in $2 million, and Bitwise’s ETHW added $1.4 million. Even Fidelity’s FETH saw a modest bump with $700,000 coming in. The rest of the Ether ETFs, though? Not much to write home about.
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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Jai Hamid
Jai Hamid has been covering crypto, stock markets, technology, the global economy, and the geopolitical events that affect markets for the past 6 years. She has worked with blockchain-focused publications including AMB Crypto, Coin Edition, and CryptoTale on market analyses, major companies, regulation, and macroeconomic trends. She has attended London School of Journalism and thrice shared crypto market insights on one of Africa’s top TV networks.
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