Another $1.1 Billion: Is This Bitcoin, Ethereum ETF Buying Spree Sustainable?
Spot Ethereum ETFs recorded a net inflow of $602 million on July 17, marking the second-highest single-day inflow in history.
The inflow surpassed that of Bitcoin spot ETFs, which saw $523 million in net inflows on the same day, their 11th consecutive day of positive flow, according to data from SoSoValue.
Combined, U.S. Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) spot ETFs have amassed $54.3 billion and $7.09 billion in cumulative net inflows, respectively.
What Happened: The surge in investor appetite comes amid renewed market optimism, robust macroeconomic indicators, and mounting regulatory clarity, themes echoed across institutional research from Glassnode and Coinbase (NASDAQ:COIN).
The dramatic capital rotation into ETH products aligns with a broader shift noted by analysts. “BTC is participating, but this …
About The Author
