BlackRock’s IBIT Leads Bitcoin ETFs With $54.8M Inflow

On July 7, BlackRock’s IBIT added $54.8 million to bitcoin-focused ETFs, leading the category to a third consecutive day of net inflows totaling $21.44 million.

IBIT’s $54.8 million inflow offset outflows at other providers. Fidelity’s FBTC experienced $24.92 million in redemptions and Ark & 21Shares’ ARKB posted an $8.44 million outflow. Total traded volume for bitcoin ETFs on the day was $1.51 billion and total net assets in the category closed at $77.26 billion. The three-day inflow streak for bitcoin products has totaled more than $500 million following heavy selling in June.

Ether ETFs added $26.93 million on July 7, with the entire amount recorded in BlackRock’s ETHA. Ether ETF trading volume was $388.46 million and total net assets in the category stood at $9.53 billion. Ether products have had four consecutive sessions of inflows.

Selected altcoin ETFs also saw net inflows. HYPE ETFs registered $4.32 million, primarily into Bitwise’s BHYP; the HYPE group traded $44.68 million and held $367.62 million in net assets. Solana ETFs added $1.67 million, concentrated in Fidelity’s FSOL, with $83.89 million in traded volume and $949.75 million in net assets. XRP ETF products recorded no trading activity on the day.

Market participants described the session as cautious, noting inflows continued at a slower pace than the previous day. Bitcoin’s modest net gain reflected large inflows into IBIT alongside outflows from other funds, while ether’s gains were concentrated in a single flagship product. These inflows follow a month of substantial redemptions in June.