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BlackRock Crypto ETF inflows rebound after early outflows
Bitcoin and Ethereum funds drive demand for BlackRock ETF. In the five trading days ending July 17, BlackRock Crypto ETF (IBIT, ETHA and ETHB) inflows totaled US$343.4 million.
IBIT attracted US$204.1 million, and although the cycle started with an outflow of US$185.5 million, it then recorded positive inflows for four consecutive trading days.
BlackRock's Ethereum products increased by $139.3 million, of which ETHA contributed almost all of the new capital this week.
These data represent net investor inflows into BlackRock's managed ETFs, rather than cryptocurrency purchases on BlackRock's balance sheet.
As demand for regulated products of Bitcoin and Ethereum picked up, the BlackRock Crypto ETF received close to US$350 million in five trading days. The asset manager's three major crypto funds attracted a total of $343.4 million between July 13 and July 17.
Among them, iShares Bitcoin Trust (IBIT) contributed US$204.1 million. BlackRock's Ethereum funds ETHA and ETHB received $139.3 million. In the past few weeks, the flow of funds across the digital asset ETF market was unstable.
Bullish: BlackRock of the United States purchased $204 million worth of Bitcoin this week.

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