U.S. spot bitcoin exchange-traded funds attracted $211.49m on Tuesday, with BlackRock’s IBIT accounting for more than 80% of the daily inflows as institutional demand strengthened across the cryptocurrency ETF market.
Ether funds also returned to positive territory after Monday’s withdrawals, bringing in $53.75m. Solana ETFs recorded a smaller gain, while XRP and HYPE products ended the session unchanged.
The latest figures marked a second strong session for bitcoin ETFs. No major bitcoin or ether fund reported an outflow during the day.
BlackRock again led the market, with its products taking the largest share of new investment in both bitcoin and ether funds.
Bitcoin ETFs received $211.49m across five products. BlackRock’s iShares Bitcoin Trust ETF, traded under the ticker IBIT, collected $170.35m. Fidelity’s FBTC was next with $19.58m, followed by ARK 21Shares’ ARKB with $9.17m and Bitwise’s BITB with $8.72m.
Morgan Stanley’s MSBT completed the gains with an additional $3.68m. No bitcoin ETF recorded a withdrawal.
Total trading value for the bitcoin products was $1.57bn, while their combined net assets ended the session at $78.26bn.
Bitcoin ETFs have now taken in more during the first two trading days of August than their total net inflows for July. If that momentum continues, August could bring a broad recovery in bitcoin ETF inflows.
At the start of the week, bitcoin ETFs attracted $170.09m, with seven funds recording gains and none reporting an outflow.
Ether products also posted a positive session, drawing $53.75m across four funds. BlackRock’s iShares Ethereum Trust ETF, known as ETHA, accounted for $42.46m of that total.
Fidelity’s FETH received $9.34m, while Bitwise’s ETHW added $1.34m. Morgan Stanley’s MSSE recorded an inflow of about $605,000. There were no outflows in the ether ETF category.
Trading value for ether funds reached $387.95m and their combined net assets closed at $10.32bn.
Solana ETFs attracted $1m, all of it through Morgan Stanley’s staking-focused MSOL. Trading value stood at $31.08m, with total net assets ending at $875.26m.
XRP and HYPE ETFs recorded neither net creations nor redemptions. XRP fund assets ended at about $1bn, while HYPE products closed the day with $258.21m.
BlackRock’s ETHA is also preparing for a one-for-three reverse share split, according to a regulatory filing. The change is scheduled to take effect on 6 October, with every three shares held on the 5 October record date being consolidated into one.
The move will increase ETHA’s net asset value per share but will not alter the overall value of an investor’s holding. ETHA has been trading at about $14 after falling alongside ether this year. At current levels, the reverse split would lift the share price to roughly $42.
Bloomberg Intelligence analyst Eric Balchunas said the higher share price could lower ETHA’s effective trading costs by narrowing the spread between its buying and selling prices. He estimated that transaction costs could fall from about seven basis points to approximately two.
The focus on execution costs underlines the growing pressure ETFs are placing on traditional cryptocurrency trading platforms. For investors using brokerage accounts, tighter spreads are becoming another area of competition, alongside custody, liquidity and regulatory access.
