Investors Push $79M Into Bitcoin ETFs as Ether Funds Lose $28M
Crypto ETF demand split sharply on Thursday, July 16, as bitcoin products drew $79. 15 million while ether funds lost $28. 04 million. XRP and Solana ETFs also attracted fresh capital, while T. Rowe Price. . .
Crypto ETF demand split sharply on Thursday, July 16, as bitcoin products drew $79. 15 million while ether funds lost $28. 04 million. XRP and Solana ETFs also attracted fresh capital, while T. Rowe Price launched a multi-token fund with an unusually large HYPE allocation. Key TakeawaysBlackrock led bitcoin ETFs to $79. 15M inflows on July 16, while ether funds lost $28. 04M. Bitcoin’s 3-day streak and XRP’s $6. 78M gain showed demand shifting away from ether. T. Rowe Price’s TKNZ launched with 6. 45% in HYPE, widening access to multi-token ETFs. Bitcoin ETFs Extend Their Inflow Streak to Three DaysWall Street’scryptotrade moved in two directions at once. Bitcoin ETFsextended their inflow streak to a third session as ether products slipped back into redemptions, showing that investors remain selective even as money returns to parts of the market. Bitcoin Draws the Cash as Ether Loses GroundThree funds accounted for all ofbitcoin’s $79. 15 million net inflow. Blackrock’s IBIT led with $33. 44 million, followed closely by Fidelity’s FBTC at $30. 73 million. Bitwise’s BITB added the remaining $14. 98 million. Trading activity remained firm. Total value traded reached $997. 79 million, while combined net assets ended the session at $77. 72 billion. Three green days in a row forbitcoin ETFs. Source: SosovalueEther ETFs told the opposite story. Grayscale’s Ether Mini Trust recorded the largest withdrawal at $14. 28 million. Fidelity’s FETH lost $11. 20 million, and Grayscale’s ETHE shed $4. 84 million. Bitwise’s ETHW was the only fund to attract capital, taking in $2. 28 million. That was not enough to prevent a $28. 04 million net outflow across the group. Ether ETFtrading volumetotaled $431. 23 million, with net assets closing at $10. 10 billion. XRP and Solana Gain as TKNZ Widens the FieldXRPETFs returned to inflows after two sessions with no net movement. The products added $6. 78 million, led by $4. 41 million for Bitwise’sXRPfund and $2. 38 million for Franklin’s XRPZ. Total trading value was $11. 85 million, while net assets rose to $997. 18 million. SolanaETFs brought in $1. 66 million, primarily through Grayscale’s GSOL. The category posted $54. 74 million intrading volumeand ended with $879. 19 million in net assets. HYPE ETFs, by contrast, recorded no daily flows. Still, HYPE gained a prominent place in a new fund. T. Rowe Price’s TKNZ began trading as the first actively managed multi-token spotcryptoproduct, carrying a 0. 75% fee and about $15 million in initial assets. Its opening portfolio allocated 40. 75% tobitcoin, 18. 42% to ether, 11. 01% toBNB, 9. 44% tosolana, 9. 37% toXRP, and 6. 45% to HYPE. Smaller positions includedXLMand Dogecoin. Bloomberg ETF analystEric Balchunasdescribed the portfolio as underweightbitcoinand overweight most other tokens, particularly HYPE. The launch adds a new layer to the ETF market. Investors can now buy an actively managed basket rather than choosing a single-token product, while Thursday’s flows showed that capital is still favoringbitcoinover ether.