Blackrock’s IBIT Drives $103 Million Bitcoin ETF Rebound as BTC Tops $86,000

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Blackrock’s IBIT Drives $103 Million Bitcoin ETF Rebound as BTC Tops $86,000
PrimeXBT Editorial Team
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U.S. bitcoin ETFs pulled in $102.67 million on Thursday, led by a $195.57 million inflow into Blackrock's IBIT, as bitcoin's price climbed above $86,000. Ether funds kept losing money for a third straight session, while NEAR, XRP, and HYPE products drew fresh capital and zcash redemptions deepened.

Blackrock inflow offsets Fidelity outflow

Bitcoin wasted little time finding buyers again. A day after its nine-session inflow streak ended, U.S. bitcoin ETFs drew $102.67 million in fresh capital. Blackrock's IBIT carried the recovery with a $195.57 million inflow, more than enough to absorb withdrawals elsewhere.

Grayscale's Bitcoin Mini Trust added $14.59 million, while Morgan Stanley's MSBT brought in $7.04 million. Fidelity's FBTC led the exits with $60.73 million, and Grayscale's GBTC lost $31.39 million, while Ark & 21Shares' ARKB and Bitwise's BITB shed $7.72 million and $6.89 million. Daily trading volume reached $1.97 billion, as net assets rose to $109.34 billion. The category has now attracted $2.99 billion over the past 30 days.

Ether weakness stretches into a third session

Ether ETFs remained under pressure, recording $55.37 million in net outflows for a third consecutive losing day. Fidelity's FETH shed $23.50 million, while Grayscale's ETHE lost $20.39 million. Vaneck's ETHV and Franklin's EZET posted withdrawals of $6.90 million and $6.13 million.

Grayscale's Ether Mini Trust supplied the only inflow at $1.55 million. Trading activity totaled $539.57 million, while net assets closed at $17.71 billion.

NEAR extends strong debut as XRP and HYPE gain

Bitwise's NEAR ETF continued its strong opening run, adding another winning day following its launch earlier this week. NRR attracted another $8.08 million, marking a third straight session of inflows, with net assets reaching $55.57 million on $23.39 million in daily trading.

XRP ETFs added $4.07 million. Franklin's XRPZ brought in $4.06 million, and Bitwise's XRP fund attracted $3.18 million, while Canary's XRPC lost $3.18 million. Grayscale's HYPE ETF also finished positive, with $4.96 million flowing into HYPG.

Zcash retreat gathers pace

Zcash faced heavy pressure Thursday. Grayscale's ZCSH recorded $28.26 million in outflows, pushing net assets down to $818.38 million — almost $200 million below the $1 billion level reached on Sept. 24.

Solana ETFs lost $5.91 million, as Bitwise's BSOL shed $6.51 million and Canary's SOLC lost $4.78 million, though a $5.38 million inflow into Grayscale's GSOL softened the decline.

Source: Bitcoin News

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