BlackRock took 80% of a $1B week as Bitcoin and Ethereum ETFs post their best run since April
US-listed spot Bitcoin and Ethereum ETFs saw over $1 billion in inflows in the week ending August 7, their strongest performance since April. BlackRock's IBIT and ETHA funds accounted for approximately $896 million of this total, highlighting a significant concentration of investment in these two products. This surge in investment occurred shortly after a security flaw was disclosed for Coldcard hardware wallets, prompting speculation about a potential shift from self-custody to institutional-grade crypto products.
- Entities
- Company: BlackRock
- Person: Eric Balchunas
- Company: SoSoValue
- Topic: Cryptocurrency ETFs
- Company: TRM Labs
- Game: Ethereum
- Game: Bitcoin
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