Ethereum ETF Sees Massive $218.6 Million Inflow Amid $80 Million Boost in US Spot Bitcoin ETF
Main Idea
On July 30, US spot Bitcoin and Ethereum ETFs saw significant net inflows, with Ethereum ETFs attracting $218.6 million compared to Bitcoin's $80 million, reflecting growing investor confidence in crypto ETFs.
Key Points
1. Bitcoin ETF net inflow reached $80 million on July 30.
2. Ethereum ETF net inflow was $218.6 million on the same day, nearly 2.7 times that of Bitcoin ETF.
3. The inflows indicate rising investor preference for Ethereum-based assets, possibly due to its expanding ecosystem.
4. Regulatory clarity in the US has been a key factor boosting ETF inflows.
5. Investor confidence in regulated crypto ETFs is growing amid market volatility.
Description
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