BlackRock recorded combined net inflows of $38.89 million across its Bitcoin and Ethereum funds, according to SoSoValue data. The iShares Bitcoin Trust (IBIT) captured $30.26 million, accumulating a total of approximately $48.59 billion in assets.
Meanwhile, BlackRock’s iShares Ethereum Trust (ETHA) posted inflows of $8.63 million, ending a two-session outflow streak that had totaled nearly $29.11 million. The Ethereum fund’s net assets stand at approximately $4.79 billion at the close of the market session.
This shift in trend contrasts with the dynamics recorded in early June, when BlackRock’s portfolio registered net outflows of approximately $12.45 billion. Currently, Bitcoin trades near $63,800 with a weekly gain of 5%, while Ethereum hovers around $1,666, posting a rise of 4.7% over the past seven days.
Analysts warn that institutional investors may be repositioning their holdings across different crypto assets amid signs of weakness in traditional markets, though the trend has not yet established itself as a definitive shift in the industry.
Source: https://sosovalue.com/bigChart/Etf_NASDAQ_IBIT?title=iShares%20Bitcoin%20Trust(IBIT)&coin=BTC
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