U.S. spot bitcoin ETFs pulled in $190.65 million on Thursday, their sixth straight day of net inflows, with Blackrock's IBIT accounting for most of the total. Ether, solana, XRP, and HYPE funds also gained, even as rising bitcoin open interest and a negative futures basis point to traders positioning for a pullback.
Bitcoin ETFs recorded their sixth straight day of inflows on Thursday, adding $190.65 million as investors kept rebuilding exposure after sharp volatility earlier this month. Blackrock's IBIT carried most of the flow, pulling in $162.63 million.
Blackrock Leads a Broad Bitcoin Buy
Fidelity's FBTC added $12.86 million, while Morgan Stanley's MSBT brought in $10.16 million. Franklin's EZBC gained $4.88 million, and Bitwise's BITB added $4.13 million. Wisdomtree's BTCW was the only fund with an outflow, losing $4.02 million.
Daily trading volume across bitcoin ETFs reached $2.27 billion, and net assets closed at $108.92 billion. The buying keeps attention on bitcoin's price, which has benefited from renewed institutional demand across the crypto market.
Ether, Solana, and XRP Funds Join the Gains
Ether ETFs posted $66.01 million in net inflows, a fifth consecutive positive session. Blackrock's ETHA led with $26.81 million, followed by Fidelity's FETH at $21.45 million and Grayscale's Ether Mini Trust at $17.75 million. Trading activity reached $771.91 million, with net assets closing at $17.70 billion.
Solana ETFs attracted $32.81 million, led by Bitwise's BSOL at $27.97 million and Fidelity's FSOL at $4.84 million. XRP ETFs brought in $14.89 million, split between Bitwise's XRP fund at $9.91 million and Franklin's XRPZ at $4.98 million. HYPE ETFs added $4.77 million entirely through Bitwise's BHYP, while Zcash ETFs recorded no net flows for a second straight day.
Derivatives Market Flashes Caution
Even so, derivatives markets are sending a more guarded signal. Brian Huang, co-founder and CEO of Glider, said bitcoin's open interest has returned to levels last seen in May. Hyperliquid alone has surpassed $3 billion in BTC open interest during the latest move.
According to Huang, the futures basis turned negative as open interest rose, meaning "shorts are adding to their positions." As a result, ETF demand remains strong while parts of the derivatives market position for a possible pullback.
Source: Bitcoin News
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