BlackRock, the world’s largest asset manager, recorded strong inflows to its crypto ETFs over five trading days, with investor demand rising for both Bitcoin and Ethereum products. Across its three major funds—IBIT, ETHA, and ETHB—BlackRock drew a combined $343.4 million in net inflows between July 13 and July 17.
IBIT reverses early outflow with strong demand
The period began with the iShares Bitcoin Trust (IBIT) experiencing a significant $185.5 million withdrawal on July 13. This outflow contributed to a total $424.7 million single-day drawdown across all U.S. spot Bitcoin ETFs.
Circumstances shifted over the following four sessions as capital moved back into IBIT. On July 14, the fund received $138.9 million in inflows, followed by $80.8 million on July 15. It saw additional gains of $33.4 million on July 16 and $136.5 million on July 17, according to data from Farside Investors.
For the remainder of the trading week, IBIT attracted $389.6 million in gross inflows, offsetting the previous loss and closing the five-day period with $204.1 million in positive net investor flows.
Unlike direct asset purchases, these numbers reflect funds entering the ETF as investors create or redeem shares. The trust then adjusts its underlying Bitcoin holdings to supply liquidity for those shares.
The trend was echoed elsewhere in the market, with most U.S.-listed Bitcoin ETFs reporting net inflows during each of the last four sessions after the steep opening withdrawal.
| Fund | Net Inflows (July 13-17) |
|---|---|
| IBIT | $204.1 million |
| ETHA + ETHB | $139.3 million |
| Total | $343.4 million |
Ethereum ETF inflows led by ETHA
BlackRock’s Ethereum funds supplied a further boost to its digital asset ETF business. ETHA, designed for spot Ethereum exposure, collected $58.3 million on July 14 and $45.3 million on July 15. ETHB, which enables brokerage clients to gain Ethereum price exposure along with staking rewards, brought in $4 million on July 15.
On July 17, ETHA received another $31.7 million, bringing its five-day total to $135.3 million. Combined, ETHA and ETHB added $139.3 million across the period, with most new capital directed into ETHA during the final session. ETHA’s lifetime inflows have now reached about $11.3 billion.
Mini dictionary: ETHA and ETHB, BlackRock’s Ethereum ETFs—ETHA tracks the spot price of Ethereum, giving exposure without managing wallets, while ETHB provides access to Ethereum and yields from staking rewards through brokerage accounts.
BlackRock’s inflows into ETHA on July 17 accounted for $31.7 million of the $36.7 million that moved into all U.S. Ethereum ETFs that day.
BlackRock asset growth and crypto’s expanding role
The inflows to crypto ETFs coincided with record assets under management at BlackRock, totaling $15.3 trillion. In the second quarter alone, the firm raised $192 billion in net new assets, with $321 billion flowing in during the first half of 2026.
The iShares unit, which comprises a significant share of BlackRock’s ETF business, added $178 billion in new inflows during the quarter. Over the past 12 months, BlackRock has recorded $868 billion in total net investments. Although digital asset ETFs represent only a small portion of its overall portfolio, these products are showing steady growth amid renewed investor appetite for regulated crypto exposure.
