Bitcoin exchange-traded funds finally caught a break Thursday, pulling in $32.11 million in net inflows and ending a four-day skid. BlackRock's IBIT led the pack. Meanwhile, Solana funds bounced back sharply after a rough patch, with Morgan Stanley pouring $19 million into the asset. But the picture wasn't all green — Ethereum and HYPE ETFs kept sinking deeper into negative territory.
Bitcoin ETFs bounce back
The $32.11 million net inflow snapped a losing streak that had dragged on since last weekend. BlackRock's IBIT was the clear leader, though the firm didn't disclose specific figures for the day. The reversal comes after a week of steady outflows that had spooked some traders. Whether this marks a real turnaround or just a one-day blip remains to be seen — but for now, the bleeding has stopped.
Solana funds get a Morgan Stanley boost
Solana funds rebounded sharply, and the catalyst was clear: Morgan Stanley pulled $19 million into the asset. That's a big vote of confidence from a traditional finance heavyweight. The move pushed Solana funds back into positive territory for the week, after they'd taken a hit earlier in July. It's the kind of institutional nod that tends to get attention, especially when other altcoin funds are struggling.
Ethereum and HYPE ETFs keep sliding
Not everything recovered. Ethereum ETFs moved deeper into negative territory, extending a rough month. HYPE funds followed the same path, with no sign of a bottom yet. The divergence is stark: Bitcoin and Solana are drawing fresh capital, while Ethereum and HYPE can't seem to stop the outflows. No single event explains the split — it looks more like a rotation than a panic.
The big question now is whether the Bitcoin ETF inflows can sustain themselves. Thursday's number is modest compared to the billion-dollar days earlier this year, but it's a start. For Solana, the Morgan Stanley move could bring copycat flows from other institutions. Ethereum and HYPE, though, will need a catalyst to reverse course. The next few trading sessions will tell us if this is a real shift or just a pause in the selling.
