BlackRock’s global bond fund raises Bitcoin stake to 16,000 IBIT shares

BlackRock has upped its Bitcoin game again. The latest portfolio for their Strategic Global Bond Fund shows they’ve added more Bitcoin to their stash.

As of June 30, they’ve got 16,000 shares of the iShares Bitcoin Trust (IBIT) in their bag. This is a jump from 12,000 shares at the end of May.

The U.S. spot Bitcoin ETFs are killing it. They pulled in a cool $252 million in a single day. That’s the biggest cash flow since late July. This has pushed the total value of these ETFs to around $58.4 billion—pretty much the highest it’s been all month.

Now, let’s talk specifics. BlackRock’s IBIT is leading the charge. On Friday, they snagged $87 million in inflows. No surprise there. IBIT’s been the top dog in the spot Bitcoin ETF space since they launched.

Fidelity’s FBTC isn’t far behind. They raked in $64 million, making it the second-highest inflow in the spot Bitcoin ETF market. And then there’s Grayscale’s GBTC, which had a bit of a mixed bag. 

Sure, they saw a $35 million outflow, but they also had a solid $50 million flow into their Bitcoin Mini Trust (BTC). Bitwise’s BITB saw $42 million come their way. Ark and 21Shares’ ARKB pulled in $24 million. Even VanEck’s HODL got a slice of the pie with $14 million. 

And let’s not forget the smaller funds like Invesco’s BTCO and Valkyrie’s BRRR—they might not have the same numbers, but they still saw $3 million and $2 million in inflows, respectively.

While Bitcoin ETFs are having their moment, Ethereum ETFs are going through a rough patch. Since August 15th, they’ve been bleeding cash, with net outflows totaling nearly $99 million over seven straight days. 

Ouch.

On that same Friday when Bitcoin ETFs were riding high, Ether funds saw $5.7 million walk out the door. Grayscale’s ETHE took the hardest hit, with a $9.8 million outflow, dragging their total assets into the red. 

But not every Ether ETF is sinking. VanEck’s ETHV managed to pull in $2 million, and Bitwise’s ETHW added $1.4 million. Even Fidelity’s FETH saw a modest bump with $700,000 coming in. The rest of the Ether ETFs, though? Not much to write home about.