U.S. spot Bitcoin ETFs have pulled in more than $900 million over the last six trading sessions, marking the strongest stretch of inflows since early spring. And at the center of that turnaround is BlackRock. Its iShares Bitcoin Trust, IBIT, repeatedly led the daily intake, including more than $79 million on July 16 alone. If you zoom out to the five-day window from July 13 to July 17, BlackRock gathered about $343 million across its Bitcoin and Ethereum ETF offerings. That’s a clear lead among crypto ETF issuers.
The concentration isn’t just on the Bitcoin side. After a choppy start, U.S. spot Ethereum ETFs have now seen about $196 million in net inflows since July 14, with BlackRock’s ETHA absorbing most of the early-week demand while competing products posted much smaller allocations or continued to see redemptions. Taken together, that points to a rebound in crypto ETF demand that is landing disproportionately with BlackRock’s products.
What to watch from here is whether that concentration holds in the next round of daily flow reports. If BlackRock’s share of inflows continues to dominate, it would reinforce the view that new money is still clustering around the biggest issuer rather than broadening out across the ETF field.