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Bitcoin ETF Inflows Persist as Ethereum ETF Launch Nears
As Ethereum ETFs prepare for launch, Bitcoin ETFs continue to see consistent inflows. Check out the latest developments here.
On Wednesday, spot Bitcoin exchange-traded funds (ETFs) in the US observed net inflows of $21.52 million, sustaining the positive trend initiated on Tuesday.
Positive Trend Continues: US Spot Bitcoin ETFs Garner $21.5 Million in Net Inflows
According to data from SoSoValue, Fidelity’s FBTC led the inflows with $19 million. Grayscale’s GBTC also saw positive movement with a net inflow of $4 million, marking its first since June 5. VanEck reported $3 million in inflows on the same day.
Ark Invest and 21Shares’ ARKB were the only funds with net outflows, which amounted to $5 million. Other funds such as BlackRock, Bitwise, and Valkyrie witnessed neutral flows.
Since their launch in January, spot Bitcoin ETFs have accumulated total net inflows of $14.44 billion.
Additional Highlights
Insights into Ethereum Spot ETFs Launch Schedule
Imminent Arrival of Ethereum Funds
A recent report from Reuters mentioned anonymous sources claiming the US Securities and Exchange Commission (SEC) could greenlight spot Ethereum ETFs as early as next Thursday, July 4.
Senior Bloomberg ETF analyst Eric Balchunas had suggested July 2 as a potential launch date previously.
SEC Chairman Gary Gensler affirmed earlier this week that the introduction of spot Ethereum ETFs was progressing smoothly but refrained from providing a precise timeline.
The regulator had granted initial approval for spot ether ETFs last month and is currently reviewing amended registration statements from issuers.
*This content does not constitute financial advice.
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