Bitcoin ETFs see $79M inflows, ending 8-week outflow streak; Ethereum ETFs continue to lose capital.
U.S. spot Bitcoin ETFs experienced $79.15 million in net inflows on July 16, led by BlackRock's iShares Bitcoin Trust (IBIT), marking a break after eight weeks of continuous outflows totaling over $8 billion. IBIT remains the largest and fastest-growing Bitcoin ETF in the U.S., outperforming competitors like Fidelity's FBTC. Meanwhile, Ethereum ETFs saw $28.04 million in net outflows on the same day, indicating a divergence in investor interest between Bitcoin and Ethereum products. This inflow signals a potential shift from sustained institutional selling to cautious re-engagement in Bitcoin ETFs, though Ethereum's continued outflows suggest an uneven recovery in the crypto ETF market.
U.S. spot Bitcoin ETFs experienced $79.15 million in net inflows on July 16, led by BlackRock's iShares Bitcoin Trust (IBIT), marking a break after eight weeks of continuous outflows totaling over $8 billion. IBIT remains the largest and fastest-growing Bitcoin ETF in the U.S., outperforming competitors like Fidelity's FBTC. Meanwhile, Ethereum ETFs saw $28.04 million in net outflows on the same day, indicating a divergence in investor interest between Bitcoin and Ethereum products. This inflow signals a potential shift from sustained institutional selling to cautious re-engagement in Bitcoin ETFs, though Ethereum's continued outflows suggest an uneven recovery in the crypto ETF market.
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