BlackRock's spot Bitcoin and Ethereum ETFs recorded a combined $3.5B net capital-share decrease in Q2, reversing a $13.9B increase a year earlier. August inflows so far total $562M.
BlackRock’s spot Bitcoin and Ethereum exchange-traded funds posted a combined $3.5 billion net decrease in capital-share transactions during the second quarter, according to SEC filings published Aug. 6. The figure reverses a $13.9 billion net increase in the same period a year earlier.
The iShares Bitcoin Trust (IBIT) recorded $4.3 billion in contributions tied to shares issued and $7.2 billion in distributions tied to shares redeemed, producing a $2.9 billion net decrease. The iShares Ethereum Trust (ETHA) posted $943.3 million in contributions and $1.5 billion in distributions, resulting in a $583.4 million decrease.
The activity tables showed 106,148 Bitcoin and 770,839 Ethereum sold for share redemptions. Footnotes valued those assets at $3.85 billion and $904 million, respectively. The filings did not identify the counterparties that initiated the redemptions.
Recent inflows suggest the trend may have shifted. Farside Investors data showed IBIT drew $196.8 million on Aug. 5 and $478.5 million over the Aug. 3-5 period. ETHA attracted $50.3 million on Aug. 5 and $83.8 million over the three days. Combined, the funds have taken in $562.3 million in August so far, the data show.
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