BlackRock drives $217M Bitcoin ETF rebound as altcoin funds continue streaks
Written by Ezra Reguerrastaff writerReviewed by Yohan Yunstaff editorEther ETFs extended their inflow streak to 11 trading sessions, while XRP and Solana funds each logged a 10th consecutive positive session.
US-listed spot Bitcoin exchange-traded funds (ETFs) returned to inflows on Monday, led almost entirely by BlackRock, while Ether, XRP and Solana funds continued attracting capital.
SoSoValue data showed that Bitcoin ETFs recorded $216.7 million in net inflows on Monday, reversing the $201.8 million in withdrawals recorded on Friday.
The Friday outflows ended a nine-session run that brought more than $3 billion into the funds. Bitcoin (BTC) was trading near $78,700 at the time of writing, up about 1.5% over the past 24 hours, according to CoinGecko.
Meanwhile, Ether ETFs extended their inflow streak to 11 trading sessions, while XRP and Solana funds each recorded a 10th consecutive positive session.
US spot Bitcoin ETF flows. Source: SoSoValue
BlackRock accounts for 95% of Bitcoin ETF inflows
BlackRock’s iShares Bitcoin Trust ETF (IBIT) led Monday’s Bitcoin ETF rebound with $205.9 million in net inflows, accounting for about 95% of the category’s daily total, according to Farside Investors.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) added $6.9 million, followed by the Bitwise Bitcoin ETF (BITB) with $4.3 million. Morgan Stanley’s Bitcoin Trust added $3.6 million, while Grayscale’s Bitcoin Mini Trust attracted $9.4 million.
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VanEck’s Bitcoin ETF (HODL) was the only fund to record withdrawals, posting $13.4 million in net outflows. The remaining funds reported no flows.
US spot Bitcoin ETF flows per fund. Source: Farside Investors
Ether, XRP and Solana ETFs extend inflow runs
Spot Ether ETFs attracted $87.7 million on Monday, marking their 11th consecutive trading session of inflows.
BlackRock’s iShares Ethereum Trust ETF (ETHA) led with $59.9 million, followed by Grayscale’s Ethereum Mini Trust with $13.5 million and Fidelity’s Ethereum Fund with $9.3 million, according to Farside.
XRP ETFs extended their positive run to 10 sessions with $5.64 million in net inflows, according to SoSoValue. The funds have attracted capital during every US trading session since Aug. 18.
Solana ETFs also posted a 10th consecutive positive session, though daily inflows slowed to $925,010 from $18.1 million on Friday. Monday’s figure was the category’s weakest inflow during its current run.
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