Bitcoin exchange-traded funds (ETFs) drew $101.15 million in net inflows on Wednesday, reversing the previous day's redemptions. BlackRock's IBIT fund led the rebound with a $115.45 million inflow, while Grayscale's Bitcoin Mini Trust added $30.42 million and Morgan Stanley's MSBT brought in $7.30 million. Bitwise's BITB added $4.19 million, though Grayscale's GBTC posted a $56.21 million outflow. Bitcoin ETF trading value reached $1.73 billion, with net assets closing at $97.22 billion.
The inflows signal renewed institutional interest in bitcoin amid broader discussions of growing adoption among major investment firms. Market commentary noted that 29 of the top 30 U.S. registered investment advisors now hold bitcoin positions.
Altcoin Funds Face Headwinds
Ether ETFs ended a 12-day inflow streak with $48.08 million in net outflows. BlackRock's ETHB attracted $52.91 million and 21Shares' TETH added $2.03 million, but these gains were offset by larger redemptions from BlackRock's ETHA ($53.53 million), Fidelity's FETH ($26.17 million), and Grayscale's ETHE ($23.49 million). Ether ETF net assets closed at $15 billion with trading value of $622.17 million.
XRP ETFs recorded $7.20 million in net outflows, all from Bitwise's XRP fund, with net assets at $1.42 billion and trading value of $27.22 million. Solana ETFs also posted outflows of $6.13 million, entirely from Bitwise's BSOL fund, with net assets closing at $1.38 billion and trading value of $61.49 million.
HYPE ETFs saw no net flows, with net assets at $449.76 million.
