BlackRock fuels split crypto ETF flows amid market inflows and outflows

T. Rowe Price launched the first actively managed multi‑crypto spot ETF, holding eight tokens—including Bitcoin, Ethereum and Binance Coin—and targeting a 13% expense ratio. Ethereum‑focused ETFs posted a $70.7 million net outflow on July 24, with BlackRock’s iShares Ethereum Trust withdrawing $52.8 million, while the same firm attracted $99.2 million of inflows across its ETH products during the same week. In the U.S., spot Bitcoin ETFs accumulated almost $1 billion over seven consecutive sessions before a sudden outflow snapped the streak, highlighting volatile investor sentiment.

Institutional demand for crypto exposure continues to expand: U.S. spot Bitcoin ETFs now hold roughly $180 billion in assets, and Wall Street firms are increasingly favoring ETF structures for regulatory ease. Japan announced a target to approve Bitcoin ETFs by 2028, while South Korea and Russia are building institutional crypto rails. Brazil’s market has tripled, with asset manager Hashdex leading the launch of numerous crypto‑linked funds, including the world’s first Solana and XRP ETFs and a forthcoming Bitcoin‑gold hybrid ETF.

Together, these developments illustrate a broader shift toward regulated, institutional‑grade products for digital assets, even as short‑term flows remain mixed.