BlackRock’s IBIT Tops $50.2M, Bitcoin ETFs Net $4.89M
BlackRock’s IBIT drew $50.2 million on Tuesday, offsetting $45.31 million of outflows from five rival bitcoin ETFs and leaving the group with a $4.89 million net inflow.
On Tuesday, U.S. spot bitcoin ETFs posted a $4.89 million net inflow after BlackRock’s IBIT received $50.20 million, offsetting $45.31 million of withdrawals from five rival funds. IBIT’s inflow reversed most of Monday’s $144.67 million in redemptions and returned the category to positive territory for the session.
Selling was recorded across Franklin Templeton’s EZBC ($16.46 million), ARK 21Shares’ ARKB ($11.55 million), VanEck’s HODL ($10.30 million), Fidelity’s FBTC ($4.13 million) and Hashdex’s DEFI ($2.87 million). Total bitcoin ETF trading value for the day reached $1.42 billion and combined net assets across the bitcoin ETF complex closed at $77.46 billion.
Ether-focused ETFs finished slightly negative with a $1.76 million net withdrawal. Fidelity’s FETH saw $2.33 million in outflows while BlackRock’s ETHA recorded about $564,000 of inflows. Total ether ETF trading value was $334.45 million and the category’s net assets ended the session at $10.48 billion.
Solana ETFs attracted fresh capital. Morgan Stanley’s MSOL drew $1.43 million, lifting the Solana category to a positive finish. Solana ETF trading value reached $36.07 million and net assets closed at $899.08 million. XRP and HYPE ETFs reported no net creations or redemptions during the session.
Hashdex announced on August 3 that it will close and liquidate DEFI. The fund held about $14.7 million in assets as of July 30. Trading and new subscriptions for DEFI are scheduled to end on August 17, after which the fund will be delisted from NYSE Arca and remaining investors are expected to receive cash liquidation proceeds around August 28. Hashdex cited the fund’s size, liquidity, operating costs, investor demand and product strategy as reasons for the closure. On Tuesday, DEFI recorded a $2.87 million redemption ahead of the planned shutdown.
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