Crypto ETFs Extend Recovery With Broad-Based Inflows

Crypto ETFs stretched their winning streak another day, with capital trickling into every major asset class while Bitcoin and Ether kept their respective runs alive and XRP with Solana posted gains worth writing home about. Make it three sessions in a row of fresh inflows, and the recovery is starting to look less like a dead cat bounce and more like an actual bounce. The pace may have slowed, but nobody told the money to stop showing up.

Bitcoin ETFs logged $26.05 million in net inflows, stretching their streak to three days. Beneath the headline number, though, things got interesting. BlackRock's IBIT kept doing what BlackRock does best—printing money and attracting assets—pulling in $81.71 million. Grayscale's Bitcoin Mini Trust chipped in another $16.67 million, and Morgan Stanley's MSBT added $13.36 million, a sign that institutions are still sniffing around newer structures like curious dogs. But the selling didn't go on vacation. Fidelity's FBTC watched $35.99 million walk out the door, Ark & 21Shares' ARKB bled $27.41 million, and Grayscale's OG product GBTC lost another $22.28 million. The inflows technically won the math, but barely. Trading volume came to $2.29 billion, net assets nudged up to $97.90 billion. Three days, three wins, $623 million in fresh Bitcoin ETF money.

Ether ETFs joined the streak club, marking six consecutive days of inflows with an $18.02 million addition. Just like with Bitcoin, the topline optimism was doing heavy lifting while the internals told a more complicated story. BlackRock's ETHA dominated with $30.51 million in inflows, with Grayscale's Ether Mini Trust backing it up at $6.72 million. But Grayscale's original ETHE countered with $16.68 million in outflows, and Bitwise's ETHW added another $2.52 million leaving. Trading volume hit $701.47 million and net assets settled at $13.69 billion—solid, if not spectacular.

In the smaller ETFs, the picture was cleaner and less chaotic. XRP funds registered a tidy $11.87 million inflow across three products. Bitwise's XRP took the lead with $7.16 million, while Franklin's XRPZ and Canary's XRPC played supporting roles at $3.16 million and $1.55 million respectively. Trading volume landed at $19.70 million and net assets climbed to $1.08 billion—still small by Bitcoin standards, but climbing. Solana ETFs delivered the most convincing performance, posting a $15.50 million inflow that went entirely to Bitwise's fund because apparently Bitwise is collecting these assets like Pokémon. Trading volume hit $44.60 million and net assets reached $891.75 million, closing in on that billion-dollar club.

The theme is becoming harder to ignore. Bitcoin's rebound has a few mega-players doing the heavy lifting while others cash out. Ether is finding its footing with more balanced participation. Smaller assets, meanwhile, are drawing steadier inflows—a quieter trend that might matter more than the headline numbers suggest.