Bitcoin ETFs take in $21.13m as BlackRock's IBIT leads rebound
US Bitcoin funds ended two days of redemptions with a $21.13m inflow on Friday, while ether ETFs lost $56.10m for a ninth straight session.
Why it matters: The flows show whether institutional demand can steady Bitcoin after nearly $1bn left Bitcoin and ether ETFs over two days.
Key points
- Bitcoin ETFs drew $21.13m on Friday, led by a $22.38m inflow into BlackRock's IBIT, with net assets at $105.84bn.
- Ether ETFs shed $56.10m, all from BlackRock's ETHA, extending outflows to nine sessions as net assets fell to $15.71bn.
- Bitwise's NEAR ETF NRR added $5.13m, while its Solana fund BSOL lost $3.76m.
US Bitcoin ETFs returned to positive flows on Friday, drawing $21.13m and ending two heavy days of redemptions, Bitcoin.com News reports. BlackRock's IBIT led the rebound with a $22.38m inflow, while VanEck's HODL added $2.33m and Fidelity's FBTC lost $3.58m. Trading value slipped to $1.44bn and net assets recovered to $105.84bn.
The modest inflow matters because it broke a run of heavy selling. Nearly $1bn left Bitcoin and ether ETFs across Wednesday and Thursday combined, so Friday suggested institutional pressure may be easing at the margin. Whether that stabilisation turns into renewed accumulation is the next question for Bitcoin's price.
Ether outflows continue
Ether funds stayed under pressure, losing $56.10m and extending their outflow streak to nine consecutive sessions. The entire withdrawal came from BlackRock's ETHA. Trading activity fell to $595.23m and net assets closed at $15.71bn, leaving a widening divergence between sustained cuts to ether exposure and intermittent Bitcoin buying.
NEAR ETFs kept attracting capital, with Bitwise's NRR taking in $5.13m to lift net assets to $66.07m. Bitwise's Solana fund BSOL lost $3.76m, leaving category net assets at $1.73bn, while XRP, HYPE and Zcash ETFs finished the day flat. Glassnode noted that existing holders are driving the current Bitcoin rally while fresh capital from ETFs, stablecoins and corporate treasuries has slowed.
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