U.S. spot bitcoin exchange-traded funds pulled in $244.42 million on Wednesday, marking the third straight day of net inflows. Ether funds added another $60.86 million on the same day. The combined $305.28 million was led by BlackRock, whose products accounted for the bulk of the money moving in.
HYPE ETFs finally see a green day
After a prolonged stretch of withdrawals, HYPE ETFs managed a modest net gain Wednesday. The exact figure wasn't disclosed, but the reversal ends what had been a steady drip of outflows from those funds. The shift suggests some traders are rotating back into the product after weeks of selling.
BlackRock dominates the flow
BlackRock's spot bitcoin and ether ETFs together drew the largest share of Wednesday's $305 million combined inflow. The firm has been a consistent leader in the space since its funds launched, and this week's data reinforces that pattern. No other issuer came close to BlackRock's numbers on Wednesday.
The three-day inflow run for bitcoin ETFs comes after a choppy July that saw several single-day outflows. Whether the streak extends into Thursday will depend on broader market conditions and any macro headlines that hit before the close. Ether funds, meanwhile, have been more erratic — Wednesday's $60.86 million is their best day in weeks.
