BlackRock captured 80% of spot Bitcoin ETF flows and 83% of Ethereum ETF flows last week, pulling in $896.5M combined. Prices rose alongside.
Alpha Score of 72 reflects strong overall profile with strong momentum, weak value, moderate quality, strong sentiment.
BlackRock pulled in nearly $900 million into its spot Bitcoin and Ethereum exchange-traded funds last week, capturing roughly four out of every five dollars that flowed into U.S. crypto ETFs.
Data for the week through August 7 shows the firm’s spot Bitcoin ETF, IBIT, recorded net inflows of $693.5 million. Its spot Ethereum ETF, ETHA, added $203 million. Combined, the two funds brought in $896.5 million.
IBIT alone accounted for about 80% of all capital entering spot Bitcoin ETFs during the period. Daily inflows were sustained across most of the week: $111.4 million on August 3, $170.3 million on August 4, $196.8 million on August 5, $128.3 million on August 6, and $86.7 million on August 7.
Other issuers also saw inflows but at a smaller scale. Fidelity’s FBTC attracted about $116.5 million. Ark Invest and 21Shares’ ARKB added roughly $50.8 million. Bitwise’s BITB accumulated $25.9 million. Several smaller funds posted modest gains, while some experienced outflows during parts of the week.
Ethereum ETF flows were smaller in absolute terms but followed a similar pattern. ETHA began the period with a $9 million outflow on August 3, then reversed sharply. It recorded inflows of $42.5 million, $50.3 million, $81.1 million, and $38.1 million over the next four sessions. Across the broader market, U.S. spot Ethereum ETFs accumulated about $243.7 million. ETHA captured more than 83% of that total.
Fidelity’s FETH drew $24.2 million. Other Ethereum ETF issuers posted modest or flat flows.
The surge in ETF demand coincided with a recovery in cryptocurrency prices. Bitcoin rose from roughly $63,000 at the start of the period to nearly $65,000 by August 7. Ethereum advanced from around $1,850 to above $1,900.
The week’s data extends a trend of widening concentration in U.S. crypto ETF flows. BlackRock has captured the majority of new capital entering both Bitcoin and Ethereum ETFs for several consecutive weeks, according to the filings.
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.