Bitcoin ETFs Pull In $170M as BlackRock's IBIT Accounts for the Bulk of New Money

Bitcoin exchange-traded funds opened the week with strong demand, taking in $170.09 million in net inflows. Seven products posted creations and none recorded outflows, giving the group a solid start to August after ending July with a weekly decline. BlackRock's iShares Bitcoin Trust (IBIT) led the advance with $111.43 million, nearly two-thirds of the day's category inflow. Fidelity's FBTC added $33.36 million. Franklin Templeton's EZBC brought in $9.23 million, Invesco's BTCO $6.67 million, and VanEck's HODL $4.52 million. Bitwise's BITB and ARK 21Shares' ARKB rounded out gains with $2.77 million and $2.12 million, respectively. Trading in bitcoin ETFs reached $2.11 billion, the highest turnover among the tracked crypto ETF categories. Combined net assets finished at $77.58 billion. Ether ETFs moved the other way, posting an $11.42 million net outflow. BlackRock's ETHA saw $9.03 million in withdrawals, while Grayscale's ETHE lost $7.84 million and Fidelity's FETH declined by about $931,000. Inflows into BlackRock's ETHB ($5.78 million) and Morgan Stanley's MSSE (about $603,000) partially offset the selling. Ether ETF trading value totaled $519.90 million, and net assets ended at $10.23 billion. XRP ETFs attracted $1.15 million, entirely into Canary Capital's XRPC. Trading value was $9.99 million and net assets closed at $1.01 billion. HYPE ETFs returned to redemptions after a quiet session, with Grayscale's HYPG down roughly $964,000; combined net assets fell to $253.23 million on $10.30 million in trading. Solana ETFs recorded no net creations or redemptions. Secondary-market trading continued, while total net assets ended at $871.90 million. The strong bitcoin inflow came as Intesa Sanpaolo disclosed a major adjustment to its quarter-end crypto ETF positions. The Italian banking group cut its IBIT common-share holding by 93.7% from March 31 to June 30, leaving 40,723 shares. It also reported a new put position tied to 500,000 underlying IBIT shares. Its iShares Staked Ethereum Trust stake rose from 116,200 to 349,600 shares, while its Bitwise Solana Staking ETF position dropped from 2,817 shares to seven. The filing reflects only a quarter-end snapshot and does not detail the bank's full options structure or net exposure. Monday's flows showed broad-based demand returning to bitcoin across issuers, while ether saw renewed selling and activity in smaller crypto funds remained muted.