Bitcoin ETFs Log Third Day of Gains as Ethereum Inflows Hit 17-Day Streak
Main Idea
Bitcoin and Ethereum ETFs continue to see significant inflows, with Ethereum ETFs marking 17 consecutive days of gains and Bitcoin ETFs logging a third day of inflows, driven by institutional confidence and corporate treasury pivots.
Key Points
1. Ethereum ETFs drew $65.14M in net inflows on July 28, marking 17 straight days of gains, with BlackRock’s ETHA leading with $131.95M.
2. Spot Bitcoin ETFs saw $157M in net inflows on July 28, the third consecutive day of gains, led by BlackRock’s IBIT with $147.36M.
3. Cumulative inflows into US spot Bitcoin ETFs reached $54.98B, with assets under management at $153.19B.
4. Corporate treasuries are pivoting to Ethereum, with SharpLink Gaming becoming the largest corporate holder of ETH, holding 280,706 ETH worth approximately $840M.
5. ETH ETFs now manage $21.5B in assets, accounting for 4.7% of Ethereum’s market cap, while Bitcoin ETFs remain strong with IBIT holding $87.19B in assets.
Description
Investor appetite for crypto exchange-traded funds showed no signs of cooling on July 28, with spot Bitcoin ETFs pulling in $157m in net inflows, marking the third straight day of gains. BlackRock’s IBIT led the charge with $147.36m, significantly outpacing its peers and reinforcing its lead among spot Bitcoin products. Cumulative inflows into US spot Bitcoin ETFs have now reached $54.98b, with assets under management climbing to $153.19b, according to data from SoSoValue . The funds saw $3.34b ...
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