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Bitcoin and XRP ETFs see surge in institutional inflows
US-listed cryptocurrency ETFs are experiencing a significant resurgence in institutional demand. Spot Bitcoin ETFs have recorded seven consecutive days of net inflows as of August 25, with total August inflows reaching approximately $3.03 billion. BlackRock’s iShares Bitcoin Trust (IBIT) continues to dominate the market, accounting for the vast majority of daily inflows.
Large investors are increasingly utilizing ‘in-kind’ conversion processes rather than selling assets for cash. This method allows holders to swap physical Bitcoin directly for ETF shares, reducing tax events and simplifying custody. BlackRock has lowered the minimum threshold for these conversions from $25 million to $1 million, facilitating broader institutional participation. This trend is also expanding to include Ethereum and Solana ETFs.
Similarly, spot XRP ETFs have seen a major breakthrough, with cumulative net inflows surpassing $1.56 billion as of August 24. The Bitwise XRP ETF has notably experienced high trading volumes, exceeding $200 million across three consecutive sessions. Spot Ethereum ETFs have also maintained a strong momentum, recording seven consecutive days of net inflows.
Entities
Bitcoin · Bitwise · Bitwise Asset Management · BlackRock · Ethereum · Farside Investors · Fidelity · Gemini · Grayscale · Japan Financial Services Agency · NYSE Arca · Ripple
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] The Bitwise XRP ETF trading volume represents secondary-market turnover rather than net capital inflows. news.bitcoin.com
- [● 3 SOURCES] The Bitwise XRP ETF trading volume exceeded $200 million across three consecutive sessions ending August 24. news.bitcoin.com
- [● 2 SOURCES] U.S. XRP spot ETFs saw a net inflow of $39.78 million last week, with $16.89 million going to the Bitwise product. www.cryptopolitan.com
- [● 3 SOURCES] Trading volume on August 24 exceeded $80 million. news.bitcoin.com
- [● 2 SOURCES] The Bitwise XRP fund held approximately 328.2 million XRP valued at $484.6 million as of August 23. news.bitcoin.com
- [● 3 SOURCES] The ETF has an expense ratio of 0.34%. news.bitcoin.com
- [● 3 SOURCES] US-listed Bitcoin ETFs recorded seven consecutive days of net inflows as of August 25. hedgeco.net · cryptonews.com.au · cointelegraph.com
- [● 2 SOURCES] US spot Ethereum ETFs recorded seven consecutive days of net inflows. www.blockmedia.co.kr · cointelegraph.com
- [○ 1 SOURCE] XRP spot ETFs recorded a net inflow of $39.78 million over the past week. www.cryptopolitan.com
- [● 3 SOURCES] US spot Bitcoin ETFs saw monthly net inflows of $2.72 billion in August. www.cnbce.com · cointelegraph.com
- [● 2 SOURCES] Total net inflows for US spot Bitcoin ETFs in August reached $3.03 billion. www.cnbce.com · cointelegraph.com
- [● 6 SOURCES] US spot Bitcoin ETFs recorded $314.37 million in net inflows on August 25. hedgeco.net · cointelegraph.com · blockchainseoul.kr · www.tokenpost.kr · www.cnbce.com · +1 more