Blackrock Pulls $54M From IBIT as Bitcoin ETF Slide Pushes Assets Below $100B
Key Takeaways: Trading activity, however, remained elevated. Bitcoin ETFs saw $2.04 billion in total value traded, reflecting continued market engagement despite the negative flows. Net assets dipped below the $100 billion mark, closing at $99.27 billion, a level that may carry psychological weight for investors. Ether ETFs followed a similar path, though with sharper proportional declines. The group posted net outflows of $87.73 million, driven primarily by Fidelity’s FETH and Blackrock’s ETHA, which saw $48.37 million and $37.06 million in exits. Blackrock’s ETHB, typically a steady inflow vehicle, recorded a rare $2.30 million outflow. Volumes in ether ETFs climbed to $750.60 million, suggesting that while sentiment has weakened, activity has not. Net assets across the segment ended at $13.10 billion. Beyond the two largest assets, flows told a more nuanced story. XRP ETFs attracted $3.59 million in inflows, split between Bitwise’s XRP product and Franklin’s XRPZ, which brought in $2.12 million and $1.47 million, respectively. Total trading value stood at $9.31 million, with net assets closing at $1.04 billion. Solana ETFs remained unchanged for a third straight session. No inflows or outflows were recorded, leaving net assets at $840.78 million and reinforcing the current lack of momentum in the segment. Taken together, the data reflect a market recalibrating after a strong run. The steady outflows across bitcoin and ether suggest profit-taking and a more cautious stance, while isolated inflows in XRP point to selective risk appetite rather than a broad retreat. The rest of the trading week will be critical in determining whether this trend deepens or stabilizes.About Author
