US-listed crypto exchange-traded funds ended the week with strong demand, led by $433.03 million in net inflows into bitcoin products as institutional investors returned to the market.
Fidelity’s FBTC accounted for $310.72 million of Friday’s bitcoin ETF buying, while Blackrock’s IBIT received a further $108.44 million. Bitwise’s BITB attracted $9.69 million, with Vaneck’s HODL and Ark & 21Shares’ ARKB taking in $2.29 million and $1.88 million respectively.
Trading value across bitcoin ETFs rose to $4.67 billion. Net assets increased by more than $7 billion to $102.53 billion, as bitcoin’s price moved back above $80,000 after a volatile week.
The renewed demand extended beyond bitcoin, with several other major crypto ETF categories recording inflows.
Ether ETFs received $143.80 million in net investment. Blackrock’s ETHA led the group with $114.32 million, followed by Fidelity’s FETH with $26.24 million. VanEck’s ETHV added $1.92 million and Bitwise’s ETHW brought in $1.32 million.
Ether ETF trading value reached $1.88 billion, while net assets rose by roughly $1 billion to $16.72 billion.
Solana ETFs also posted a notable result, attracting $47.62 million. All of that money went into Bitwise’s BSOL. Trading value for the category was $199.56 million, and net assets ended the day at $1.62 billion.
The recently established Zcash ETF market continued to draw interest. Grayscale’s ZCSH recorded $37.67 million in inflows, taking total ZEC ETF net assets to $914.53 million.
HYPE ETFs gained a more modest $1.03 million, all through Bitwise’s BHYP. Trading value was $48.84 million and net assets closed at $494.65 million.
XRP was the only major ETF category to finish the session with a net outflow, although the movement was marginal. Franklin’s XRPZ attracted $1.52 million, but Bitwise’s XRP fund lost $1.56 million, producing a net outflow of $43,700.
XRP ETF trading value reached $52.55 million, with net assets standing at $1.51 billion.
Bloomberg Senior ETF Analyst Eric Balchunas pointed to particularly strong activity in IBIT. He said the fund ranked fifth among all ETFs by trading volume on Friday, ahead of the gold ETF GLD, which was ninth.
On-chain indicators also suggested firmer bitcoin demand. Glassnode said entity-adjusted SOPR remained above 1, a level associated with investors taking profits while continued demand absorbs the selling. A sustained move below 1 would indicate weakening support.
Pantera Capital founder Dan Morehead has argued bitcoin could benefit from different monetary scenarios, including a weaker dollar or higher interest rates.
According to Henley, the world now has 135,694 crypto millionaires, including more than 92,000 whose wealth is linked to bitcoin.
