BlackRock's IBIT Takes In $170M as Spot Bitcoin ETFs Post $211M in Daily Inflows

U.S. spot bitcoin ETFs extended a strong start to the week on Tuesday, pulling in $211.49 million in net inflows. Ether ETFs flipped back to inflows with $53.75 million, while solana ETFs added a modest $1 million. XRP and HYPE ETFs were unchanged, with no net creations or redemptions. BlackRock once again dominated demand across crypto ETF products. Its iShares Bitcoin Trust (IBIT) brought in $170.35 million, more than 80% of the day's total bitcoin ETF inflows, tightening the firm's hold on incremental flows. Across the bitcoin category, five funds reported net inflows and none saw withdrawals. Fidelity's FBTC added $19.58 million. ARK 21Shares' ARKB took in $9.17 million, Bitwise's BITB gained $8.72 million, and Morgan Stanley's MSBT rounded out the group with $3.68 million. Total trading value for spot bitcoin ETFs reached $1.57 billion, and combined net assets ended at $78.26 billion. With $381.35 million in net inflows over the first two trading days of August, spot bitcoin ETFs have already surpassed July's total net inflow, setting up the potential for a broader inflow rebound this month if the pace holds. Ether ETFs also posted a clean sweep with no outflows, attracting $53.75 million across four products. BlackRock's iShares Ethereum Trust ETF (ETHA) led with $42.46 million. Fidelity's FETH drew $9.34 million, while Bitwise's ETHW and Morgan Stanley's MSSE added $1.34 million and about $605,000, respectively. Trading value totaled $387.95 million and net assets closed at $10.32 billion. Solana ETFs recorded $1 million of inflows, entirely via Morgan Stanley's staking-focused MSOL. The category traded $31.08 million and finished with $875.26 million in net assets. XRP ETF assets ended around $1 billion, while HYPE products closed with $258.21 million. In a separate development, BlackRock disclosed plans for a one-for-three reverse share split of ETHA, according to a regulatory filing. The split is scheduled to take effect October 6, with a record date of October 5. Every three shares outstanding will be consolidated into one, boosting the fund's per-share net asset value without changing the overall value of an investor's position. ETHA has traded near $14 after declining alongside ether this year. At current levels, the reverse split would lift the share price to roughly $42. Bloomberg Intelligence analyst Eric Balchunas said a higher share price can tighten bid-ask spreads and lower effective trading costs, estimating transaction costs could drop from about seven basis points to roughly two. The push to reduce execution costs underscores how ETFs are intensifying competition with traditional crypto trading venues. For brokerage-based investors, spreads and trading efficiency are becoming a key battleground alongside custody, liquidity, and regulated market access.