Spot Bitcoin exchange-traded funds in the United States have seen consecutive inflows ahead of the spot Ethereum ETF launch. Data from Farside Investors highlights notable investment trends.
According to Farside Investors, spot Bitcoin (BTC) ETFs recorded $533.6 million in inflows on July 22, the highest level since June 4’s $886.6 million. This marks the third consecutive week of inflows.
BlackRock’s iShares Bitcoin Trust (IBIT) led the surge with $526.7 million in inflows. The total inflows into IBIT now approach $19.5 billion.
Other significant inflows included Fidelity Wise Origin Bitcoin Fund (FBTC) with $23.7 million, Invesco Galaxy Bitcoin ETF (BTCO) with $13.7 million, and Franklin Bitcoin ETF (EZBC) with $7.9 million.
Conversely, the VanEck Bitcoin Trust (HODL) experienced $38.4 million in outflows despite the overall bullish market sentiment.
The Grayscale Bitcoin Trust (GBTC) and other remaining spot BTC ETFs stayed neutral, bringing the total value of these investment products to $17.58 billion.
Despite the inflows, Bitcoin’s price declined by 1.3% in the past 24 hours, currently trading at $66,650 with a market capitalization of $1.31 trillion.
ETH ETFs in the U.S. are soon to begin trading after approval from the U.S. SEC. Approved applications include those from BlackRock, Fidelity, VanEck, 21Shares, and Bitwise.
