U.S. spot bitcoin exchange-traded funds pulled in $42 million in net inflows on Tuesday, with BlackRock's iShares Bitcoin Trust (IBIT) accounting for $170 million of that total — meaning other bitcoin funds saw net outflows. Ether ETFs also drew money, adding $53.75 million, while Solana funds posted a smaller gain. XRP and HYPE ETFs were flat. Separately, BlackRock said it plans a 1-for-3 reverse split for its ETHA Ethereum ETF after the fund recorded a $42 million inflow.
IBIT leads bitcoin ETF flows
Tuesday's $42 million net inflow for the spot bitcoin ETF category was driven almost entirely by BlackRock's IBIT. The fund attracted $170 million, the largest single-day haul among the group. That suggests other bitcoin ETFs collectively bled about $128 million on the day. The divergence highlights how investor demand remains concentrated in the largest, most liquid fund, even as the broader category sees modest net additions.
Ether ETFs add $53.75 million
Ether ETFs saw a stronger day, with $53.75 million in net inflows. The figure marks a pickup from recent weeks, though it's still well below the peak flows seen earlier this year. BlackRock's ETHA fund was a contributor, though the exact share wasn't disclosed in Tuesday's data. The broader ether ETF market now holds roughly $12 billion in assets under management.
Solana, XRP, HYPE funds mixed
Solana ETFs posted a smaller inflow Tuesday, though the exact dollar amount wasn't specified. XRP and HYPE ETFs recorded no net inflows, remaining flat. The lack of movement for those funds suggests investors are still cautious about altcoin ETFs beyond the two largest cryptocurrencies.
BlackRock plans ETHA reverse split
BlackRock announced a 1-for-3 reverse split for its ETHA Ethereum ETF, following a $42 million inflow into the fund. The move will reduce the number of shares outstanding and increase the per-share price. Reverse splits are often used to keep share prices above exchange minimums or to make the fund more attractive to institutional investors. The fund's sponsor hasn't set an effective date yet.
