BlackRock bought almost $350 million of these cryptocurrencies in 5 days
BlackRock attracted nearly $350 million in net inflows across its spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) over five trading days, highlighting renewed institutional demand for the two largest cryptocurrencies.
Data covering July 13 to July 17 shows BlackRock’s spot Bitcoin ETF, IBIT, recorded net inflows of $204.1 million during the period.
Meanwhile, the asset manager’s Ethereum ETFs, ETHA and ETHB, added a combined $139.3 million. Together, the funds attracted approximately $343.4 million in net new capital over the five-day stretch.
The strong performance came despite a sharp $185.5 million outflow from IBIT on July 13. However, subsequent inflows more than offset the redemption, with the fund posting four consecutive days of positive flows through the end of the week.
Notably, the broader U.S. spot Bitcoin ETF market experienced a volatile week. Total Bitcoin ETF flows fell by $424.7 million on July 13 before rebounding with four straight sessions of net inflows.
By July 17, the market had recovered a significant portion of those losses, largely driven by BlackRock’s IBIT.
IBIT led Bitcoin ETF inflows on July 17 with $136.5 million in net additions. The fund also recorded positive flows of $138.9 million on July 14, $80.8 million on July 15, and $33.4 million on July 16.
Ethereum ETF flows
Meanwhile, Ethereum ETFs also ended the week on a positive note. During the period, BlackRock’s ETHA attracted $135.3 million, while ETHB added another $4 million.
The strongest session came on July 14, when ETHA recorded $58.3 million in inflows. The fund followed with another $45.3 million on July 15 and $31.7 million on July 17.
Market data shows Ethereum ETF demand has become increasingly concentrated in BlackRock’s products.
On July 17 alone, ETHA accounted for more than $31 million of the market’s $36.7 million in total Ethereum ETF inflows. Historical net inflows into ETHA have now surpassed $11.3 billion.
Ethereum has also outperformed Bitcoin in recent sessions as ETF demand returned. Most of the week’s Ethereum ETF inflows were concentrated in BlackRock’s low-fee products, while competing funds saw weaker demand.
BlackRock’s ETF market dominance
The latest crypto ETF inflows align with broader trends across BlackRock’s investment business.
The asset manager recently reported record assets under management of more than $15 trillion, supported by strong ETF demand and substantial client inflows during the second quarter.
The inflows coincided with a positive week for both cryptocurrencies. Bitcoin rebounded from about $63,000 at the start of the week and briefly climbed above $65,000 as cooling U.S. inflation data and renewed ETF demand improved sentiment. Ethereum also advanced during the period, outperforming Bitcoin in several sessions.
