BlackRock ETF Inflows Surge by $350 Million in Five Days

BlackRock has seen a massive influx of capital into its Bitcoin and Ethereum ETFs. Between July 13 and July 17, the firm recorded nearly 350 million dollars in net inflows. This growth suggests that institutional interest in major digital assets is picking up steam again after a period of market volatility.

Most of this activity came through the IBIT Bitcoin fund, which brought in over 200 million dollars despite a rough start on July 13. While the broader Bitcoin ETF market saw initial outflows early in the week, BlackRock acted as a stabilizer. By the end of the period, the fund had managed four straight days of positive growth.

Ethereum products are also performing well under the BlackRock banner. The firm's ETHA and ETHB funds combined for 139 million dollars in new capital during the same timeframe. Investors seem to prefer these low fee products over competitors, as BlackRock now captures a vast majority of the daily inflows in the Ethereum sector.

These numbers arrive alongside a general recovery in the crypto market. Prices for both Bitcoin and Ethereum rose as U.S. inflation data cooled down, boosting investor confidence. Traders should keep an eye on whether these institutional flows continue to sustain the current price momentum for the remainder of the month.