Cryptocurrency exchange-traded funds experienced strong positive momentum on Thursday, driven by significant capital commitments to both major assets and a wider selection of altcoin funds.
Bitcoin exchange-traded funds attracted a combined $606.29 million across five separate funds, marking their strongest session of the week and pushing total bitcoin ETF net assets to $90.16 billion. Blackrock's IBIT dominated the session's inflows by capturing $502.99 million, which accounted for roughly 82% of the daily total. Fidelity's FBTC added $64.74 million, Bitwise's BITB brought in $26.39 million, ARK 21Shares' ARKB added $12.15 million, and Invesco's BTCO collected $3.61 million. Vaneck's HODL was the sole bitcoin fund to post an outflow, losing $3.59 million, while total bitcoin ETF turnover reached $5.41 billion.
Ether funds also recorded a heavy influx of capital, pulling in a combined $220.77 million across six products without a single fund registering an outflow. Blackrock led the ether segment with $173.30 million into its ETHA fund and an additional $35.90 million into ETHB. Fidelity's FETH added $5.79 million, Bitwise's ETHW gained $2.83 million, Vaneck's ETHV added $1.70 million, and Morgan Stanley's MSSE received $1.25 million. Total ether ETF trading value hit $2.05 billion, with net assets climbing to $13.58 billion.
The broader crypto rally extended further into alternative digital asset funds during the session:
- Solana ETFs: Gained $14.58 million in net inflows, led by $7.14 million into Grayscale's GSOL and $6.57 million into Bitwise's BSOL, while Vaneck's VSOL added $878,000. Solana net assets crossed the billion-dollar threshold to close at $1.06 billion.
- XRP ETFs: Added $13.24 million, with Bitwise's XRP fund capturing $9.90 million and Franklin Templeton's XRPZ bringing in $3.34 million, pushing combined net assets to $1.17 billion.
- HYPE ETFs: Collected $5.86 million in net inflows, bringing their total net assets to $350.31 million.
Thursday's activity highlighted a continuation of institutional positioning favoring bitcoin and ether, alongside growing demand across alternative crypto exchange-traded fund products.
