US ETH Spot ETF Sees $533.8M Inflow Led by BlackRock’s ETHA Amid Bitcoin Spot ETF Outflows
Main Idea
The US Ethereum (ETH) spot ETF market saw a significant net inflow of $533.8 million, led by BlackRock’s ETHA fund, while Bitcoin (BTC) spot ETFs experienced outflows, indicating a shift in investor preference towards Ethereum.
Key Points
1. US Ethereum (ETH) spot ETF market recorded a net inflow of $533.8 million on July 23.
2. BlackRock’s ETHA fund contributed $426.2 million to the total ETH spot ETF inflow.
3. Bitcoin (BTC) spot ETFs had a net outflow of $68 million on the same day.
4. BlackRock’s IBIT Bitcoin ETF reported no net change, marking two consecutive days of outflows in the BTC spot ETF segment.
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