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BlackRock leads $33M crypto ETF inflows
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BlackRock leads $33M crypto ETF inflows

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  • Crypto ETF inflows turned positive across major categories on June 16, with Bitcoin, Ether, XRP, Solana and HYPE products all recording net gains.
  • Bitcoin ETFs added US$10.06 million and Ether ETFs gained US$9.59 million, while BlackRock funds led inflows in both categories.
  • BlackRock launched its BITA income-focused Bitcoin ETF strategy, which the company said is designed to generate premium income alongside Bitcoin exposure.

Bitcoin (CRYPTO:BTC), Ether (CRYPTO:ETH), XRP (CRYPTO:XRP), Solana (CRYPTO:SOL) and HYPE (CRYPTO:HYPE) ETF products all recorded net inflows on June 16, signalling broader investor demand across digital asset funds.

The positive session followed weeks of mixed ETF flows, with Bitcoin ETFs attracting US$10.06 million and Ether ETFs adding US$9.59 million despite continued outflows from some Grayscale products.

For the first time in days, every major crypto ETF category found buyers.

BlackRock’s iShares Bitcoin Trust IBIT led Bitcoin ETF inflows with US$16.35 million, while its ETHA fund attracted US$17.34 million, offsetting US$16.81 million of outflows from Grayscale’s GBTC and smaller withdrawals from several Ether funds.

The session showed improving demand across crypto ETF categories, while BlackRock stated its iShares Bitcoin Premium Income ETF BITA is designed to combine Bitcoin exposure with premium income generation through an options strategy, and following the announcement BlackRock share price was unchanged at US$972.61.

Bitcoin ETF trading volume reached US$1.26 billion and total net assets stood at US$82.06 billion, while Ether ETF trading volume reached US$404.21 million and total net assets closed at US$9.89 billion.

Beyond Bitcoin and Ether, HYPE ETFs added US$8.62 million, XRP ETFs gained US$5.30 million through Franklin’s XRPZ, and Solana ETFs recorded US$245,860 of inflows, extending the positive tone across the broader crypto ETF market.

At the time of reporting, Bitcoin price was $64,385.86.

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