Spot Bitcoin ETFs See Inflows 29 of 33 Days – Here’s Why That Matters

Key Points

1. Spot Bitcoin ETFs recorded net inflows on 29 of the past 33 trading days, with $47.03 million on July 30 alone, led by BlackRock’s IBIT ($34.47M) and Bitwise’s BITB ($12.66M).

2. Bitcoin price remains rangebound near $116,000-$119,000, struggling to break above $120K, despite strong ETF inflows indicating long-term conviction.

3. Spot Ethereum ETFs saw $5.79 million in net inflows on July 30, marking 19 consecutive days of inflows, with BlackRock’s ETHA ($20.29M) and Grayscale’s ETHE ($7.77M) leading.

4. SharpLink Gaming expanded its ETH holdings, acquiring 77,210 ETH (worth ~$290M) last week, bringing its total to 438,190 ETH (~$1.69B), while also earning 722 ETH from staking.

5. BitMEX announced a $1 billion open-ended fund for ETH accumulation, further highlighting institutional interest in direct exposure to Ethereum.