Despite slowing momentum in the broader crypto ETF market, BlackRock’s iShares Bitcoin Trust continues to dominate investor interest. Over the past thirteen days, the fund has brought in a total of $3.4 billion in inflows, according to Nate Geraci, president of The ETF Store.
In just one day alone, the iShares Bitcoin Trust added 2,841 BTC, valued at nearly $270 million. This strong performance contrasts with the wider market, which recorded overall net outflows.
Major Bitcoin ETFs Face Pressure Despite Market Strength
Total net outflows across all Bitcoin ETFs amounted to 382 BTC, or roughly $36.29 million. Fidelity’s Wise Origin Bitcoin Fund saw the most significant single-day withdrawal, losing 1,462 BTC worth about $138.89 million. Its holdings now sit at 198,376 BTC.
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ARK 21Shares and Bitwise suffered from the withdrawal of assets totaling 1,391 BTC and 251 BTC, respectively. The other funds managed by VanEck, Valkyrie, and Invesco experienced minimal or zero shifts in their funds, indicating subdued overall activity.
The total Bitcoin ETFs control 1,153,451 BTC worth an estimated $109.58 billion. BlackRock maintains its lead position in Bitcoin fund investments even as additional funds struggle to keep investors engaged.
Ethereum ETFs Mirror Bitcoin Trend with Mixed Results
Ethereum ETFs followed a similar pattern, as Grayscale’s Ethereum Trust saw a withdrawal of 3,987 ETH worth about $7.32 million, pushing its seven-day net outflow past 8,200 ETH.
The total withdrawals from Ethereum ETFs amounted to 1,648 ETH, translating into $3.03 million. Fidelity’s Ethereum Fund demonstrated the only successful gain by acquiring 3,247 ETH valued at $5.97 million.
Other funds experience outflows as BlackRock continues its dominance in the declining crypto exchange-traded fund market. The iShares Bitcoin Trust stands out from other funds because it experiences persistent investor interest.
The intensified direction of money flowing into specific investments demonstrates how investors choose to specialize their fund allocation.
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