BlackRock leads $216.7 million inflow into US spot Bitcoin ETFs as altcoin funds surge

BlackRock dominates Bitcoin ETF activity

BlackRock, the world’s largest asset manager, played a leading role in the renewed inflows. Its iShares Bitcoin Trust ETF (IBIT) contributed $205.9 million, representing about 95% of the total daily net inflow to Bitcoin funds, according to Farside Investors. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $6.9 million in new investments.

Other Bitcoin ETFs also recorded positive returns. The Bitwise Bitcoin ETF (BITB) added $4.3 million; Morgan Stanley’s Bitcoin Trust reported $3.6 million in net inflows. Grayscale’s Bitcoin Mini Trust received $9.4 million.

VanEck’s Bitcoin ETF (HODL) was the only offering to post net outflows, totaling $13.4 million. The remaining funds registered no activity on the day.

BlackRock’s IBIT contributed $205.9 million in net inflows, accounting for close to 95% of all spot Bitcoin ETF investments on Monday.

Altcoin funds maintain strong momentum

Funds tracking cryptocurrencies besides Bitcoin also extended their positive streaks. Spot Ether ETFs registered $87.7 million in net inflows, marking their 11th consecutive session of capital attraction.

BlackRock’s iShares Ethereum Trust ETF (ETHA) led Ether fund inflows, bringing in $59.9 million. Grayscale’s Ethereum Mini Trust attracted $13.5 million, while Fidelity’s Ethereum Fund added $9.3 million, according to Farside.

XRP funds posted a 10th straight day of inflows, registering $5.64 million on Monday, with data from SoSoValue indicating sustained investor appetite since August 18.

Solana ETFs, meanwhile, observed their 10th consecutive session of net inflows. However, daily gains slowed markedly, with just $925,010 entering these funds, compared to $18.1 million on Friday. This marks the weakest daily inflow in the current streak.

Altcoin products, including Ether, XRP, and Solana funds, all posted at least 10 consecutive days of net inflows, confirming ongoing institutional interest in a wider range of digital assets.

BlackRock, founded in 1988, manages trillions in global assets and has rapidly expanded its presence in the cryptocurrency ETF market, appealing to both institutional and retail investors seeking exposure to digital assets through regulated products.

Mini dictionary: ETF (Exchange-Traded Fund), a type of investment fund traded on stock exchanges, offering investors exposure to an underlying asset or basket of assets with added regulation and liquidity.