BlackRock scooped up almost $350 million of these cryptocurrencies in a week

BlackRock accumulated almost $350 million worth of Bitcoin (BTC) and Ethereum (ETH) through its U.S. spot exchange-traded funds (ETFs) during the trading week ending July 10.

The asset manager’s spot Bitcoin ETF, IBIT, recorded net inflows of $291.9 million over the five days, while its Ethereum ETFs, ETHA and ETHB, posted combined net inflows of $51 million. Together, the funds attracted nearly $343 million in fresh capital, signaling sustained investor interest in regulated crypto investment products.

Bitcoin accounted for the bulk of BlackRock’s weekly crypto purchases. IBIT registered its strongest daily inflow on July 6, attracting $209.4 million, followed by another $86.

8 million on July 10. Bitcoin ETF inflows. Source: Coinglass Although the fund experienced a setback on July 8 with $59.

1 million in net outflows, the week’s gains comfortably outweighed the single-day decline. Additional inflows of $54.8 million on July 7 helped drive total net inflows to nearly $292 million.

The data suggests investors continued to allocate capital to Bitcoin despite short-term volatility and occasional profit-taking across the broader cryptocurrency market. Notably, the inflows helped offset weeks of net outflows, with the latest trend coinciding with Bitcoin’s recovery toward the $65,000 level. Ethereum ETF turns positive Meanwhile, BlackRock’s Ethereum products also ended the week in positive territory.

ETHA led the gains, posting inflows of $23.3 million on July 6, $26.9 million on July 7, and $16.

2 million on July 10. Ethereum ETF inflows. Source: Coinglass The only notable weakness came on July 9, when ETHA and ETHB combined for $15.

4 million in outflows. Even so, the funds finished the week with $51 million in net inflows, indicating that investor appetite for Ethereum exposure remains intact. The positive flows came as Ethereum ETFs continued to establish themselves as a growing institutional gateway to the second-largest digital asset, albeit on a smaller scale than