BlackRock’s IBIT Adds $167M as Bitcoin ETFs Log $223M Inflows

On Thursday, April 23, BlackRock’s IBIT led net inflows among crypto ETFs, adding $167.49 million as bitcoin-focused funds drew $223.21 million in total net inflows for an eighth consecutive day. Ether-focused ETFs recorded a $75.94 million net outflow for the session.

Bitcoin funds accounted for the bulk of the day’s demand. Ark & 21Shares’ ARKB added $71.22 million, Morgan Stanley’s MSBT added $9.36 million and Grayscale’s Bitcoin Mini Trust added $5.16 million. Some bitcoin products experienced redemptions: Fidelity’s FBTC had $16.93 million in outflows, Bitwise’s BITB lost $7.60 million and VanEck’s HODL recorded $5.50 million in outflows. Trading volume for bitcoin ETFs during the session was $2.36 billion, and combined net assets for the group rose to $102.79 billion. The eight-day inflow streak for bitcoin ETFs totals roughly $2.1 billion.

The ether ETF complex reversed a 10-day inflow run with net redemptions. Fidelity’s FETH led outflows with $51.30 million, BlackRock’s ETHA posted $20.95 million in outflows and Grayscale’s ETHE saw $10.90 million leave. Grayscale’s Ether Mini Trust attracted $19.76 million in inflows, while 21Shares’ TETH and Bitwise’s ETHW saw outflows of $9.24 million and $3.31 million, respectively. Ether ETF trading volume was $747.11 million and net assets declined to $13.71 billion.

Smaller-asset ETFs drew limited interest. Solana funds brought in $7.33 million, led by Bitwise’s BSOL with $6.20 million and VanEck’s VSOL with $1.13 million; Solana trading volume was $47.38 million and net assets stood at $874.13 million. XRP ETFs recorded $3.89 million in inflows, driven primarily by Franklin’s XRPZ; trading activity for XRP ETFs was $7.69 million and net assets were $1.08 billion.

The session’s flows showed bitcoin funds received the largest net inflows, ether funds recorded net redemptions and smaller-asset ETFs posted modest inflows.