Ethereum Spot ETF Sees Strong Inflows as Bitcoin ETF Faces Outflows
Main Idea
Ethereum spot ETFs saw a net inflow of $332 million on July 23, continuing a 14-day streak, while U.S. Bitcoin spot ETFs experienced a net outflow of $86 million.
Key Points
1. Ethereum spot ETFs recorded a net inflow of $332 million on July 23.
2. This marked the 14th consecutive day of inflows for Ethereum spot ETFs.
3. BlackRock’s ETHA led with a single-day net inflow of $325 million.
4. U.S. Bitcoin spot ETFs had a net outflow of about $86 million on the same day.
5. Bitcoin ETFs are facing renewed selling pressure while interest shifts toward Ethereum.
Description
The post Ethereum Spot ETF Sees Strong Inflows as Bitcoin ETF Faces Outflows appeared first on Coinpedia Fintech News On July 23, Ethereum spot ETFs recorded a net inflow of $332 million, sustaining a 14-day streak of consecutive inflows. Notably, BlackRock’s ETHA led with a single-day net inflow of $325 million. In contrast, U.S. Bitcoin spot ETFs experienced a net outflow of about $86 million and have now seen outflows for three straight days. These trends suggest robust institutional interest...
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