BlackRock Dominates as Bitcoin & Ethereum ETFs See Unprecedented Cash Surge
Wall Street’s crypto love affair hits hyperdrive—BlackRock’s ETF machinery vacuums up billions while rivals scramble for scraps.
The institutional floodgates swing wide
Digital asset ETFs just posted their fattest inflows since launch, with the usual suspects (read: BlackRock) hogging the spotlight. Bitcoin and Ethereum products collectively raked in enough capital to make traditional finance bros sweat into their bespoke suits.
The cynical footnote
Funny how these ’disruptive’ assets now rely on the same old financial dinosaurs for validation—maybe decentralization was just a marketing gimmick after all.
Bitcoin ($BTC) and ethereum ($ETH) exchange-traded funds (ETFs) are getting notable attention among institutional investors. As per the latest data from Lookonchain, Bitcoin ($BTC) ETFs account for 6,387 $BTC in net inflows while Ethereum ($ETH) ETFs have seen cumulative inflows of 8,404 $ETH. The on-chain analytics firm took to social media to share insights into the daily crypto ETF inflows.
May 20 Update:
10 #Bitcoin ETFs
NetFlow: +6,387 $BTC(+$666.72M)
#iShares(Blackrock) inflows 2,908 $BTC($303.6M) and currently holds 636,120 $BTC($66.4B).
9 #Ethereum ETFs
NetFlow: +8,404 $ETH(+$20.83M)#iShares(Blackrock) inflows 5,449 $ETH($13.5M) and currently holds… pic.twitter.com/OKmNWBofEO
$BTC ETFs See $666.72M in Net Inflows, while $IBIT Dominates with 2,908 $BTC in Single-Day Inflows
Overall, Bitcoin ($BTC) ETFs have added up to $666.72M in total 24-hour inflows, accounting for $6,387 $BTC. Specifically, BlackRock’s iShares Bitcoin Trust ($IBIT) has led this inflow spree with the inclusion of a staggering 2,908 $BTC in a single day. This amount equals up to $303.6M in value. As a result of this, the total Bitcoin holdings of the ETF have reached the 636,120 $BTC mark, signifying $66.4B.
Apart from that, the $FBTC ETF of Fidelity has added almost 1,789 $BTC, raising the total holdings to 199,840 $BTC. Simultaneously, the ARK 21Shares ($ARKB) ETF has obtained 1,476 $BTC in inflows. On the other hand, the $GBTC ETF of Grayscale and the $BTCO ETF of Invesco have witnessed sheer outflows. Hence, the former saw 23 $BTC in outflows while the latter recorded the exclusion of 61 $BTC.
$ETH ETFs Witness $20.83M in Inflows, While $EHTA Stays Atop with 5,449 $ETH in Total Inflows
In the meantime, the Ethereum ($ETH) ETFs have added nearly $20.83M in inflows, accounting for 8,404 $ETH. Just like $BTC ETFs, BlackRock’s iShares Ethereum Trust ($ETHA) topped the other Ethereum ETFs. Thus, it added 5,449 $ETH, equaling approximately $13.5M. This inflow surge has pushed its $ETH holdings to 1,289,892 $ETH ($3.2B).
As per Lookonchain’s data, Grayscale Ethereum Mini Trust ($ETH) saw 3,290 $ETH in inflows. Subsequently, its holdings have reached 489,957 $ETH. However, Grayscale’s Ethereum Trust ($ETHE) has seen a slight outflow of 231 $ETH. Contrarily, $FETH of Fidelity has remained unchanged in terms of net flows. Therefore, its overall Ethereum holdings are still 395,921 $ETH.
