Bitcoin ETFs Cross $100 Billion With $242 Million Inflow

Bitcoin, Ether ETFs Add $476.75M arsenic 9-Day Streak Extends

The late-August rally kept drafting caller organization money.

Bitcoin ETFs pushed past the $100 cardinal plus mark, ether posted different dense inflow day, and solana delivered 1 of the standout performances among altcoin funds. The buying was wide capable to assistance each large crypto ETF class tracked for the session.

Bitcoin Breaks the $100 Billion Barrier

Bitcoin ETFs attracted $242.24 million, led by a $277.61 cardinal inflow into Blackrock’s IBIT.

ARK 21Shares’ ARKB added $29.75 million, portion Bitwise’s BITB brought successful $21.74 million. Grayscale’s Bitcoin Mini Trust received $11.66 million, Morgan Stanley’s MSBT added $6.66 million, and Vaneck’s HODL drew $5.66 million.

Those gains absorbed sizeable withdrawals elsewhere. Fidelity’s FBTC mislaid $83.63 million, portion Grayscale’s GBTC posted a $27.21 cardinal outflow. Trading worth reached $3.45 billion. Combined nett assets climbed to $100.93 billion, crossing the $100 cardinal threshold.

9-day inflow crosses $3 cardinal for bitcoin ETFs. Source: Sosovalue

Ether ETFs besides remained firmly successful demand, drafting $234.51 cardinal with nary money reporting an outflow.

Blackrock’s ETHA led with $130.22 million, followed by Fidelity’s FETH astatine $56.23 million. Blackrock’s ETHB added $20.67 million, portion Grayscale’s Ether Mini Trust attracted $14.31 million. Morgan Stanley’s MSSE, Grayscale’s ETHE and Bitwise’s ETHW completed the gains. Ether ETF assets closed astatine $15.57 cardinal connected $1.38 cardinal successful trading volume.

Solana and HYPE Draw Bigger Allocations

Solana ETFs brought successful $60.91 million, led by $40.20 cardinal into Bitwise’s BSOL.

Grayscale’s GSOL added $6.22 million, Fidelity’s FSOL received $5.82 million, Morgan Stanley’s MSOL gained $4.74 million, and 21Shares’ TSOL attracted $3.93 million.

The surge came arsenic SOL climbed astir 17% implicit the erstwhile 7 days. Solana ETF assets reached $1.49 billion, adjacent to astir 2.33% of the token’s marketplace capitalization.

HYPE ETFs added $24.42 million, with Bitwise’s BHYP accounting for $23.22 million. Assets roseate to $467.37 million, 2.46% of HYPE’s marketplace value.

XRP ETFs attracted $18.47 million, divided betwixt Bitwise’s XRP money and Franklin Templeton’s XRPZ. Combined assets closed astatine $1.49 billion.

Bitwise CEO Hunter Horsley summed up the breadth of the day’s request aft astir $100 cardinal flowed into the firm’s U.S. products: “Investors are adding vulnerability to crypto.”

Thursday’s numbers supported that view. Capital was inactive flowing heavy into bitcoin and ether, portion progressively meaningful allocations reached solana, HYPE and XRP.