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Bitcoin ETFs Experience Continued Inflows While Ethereum ETFs Launch Looms
With the imminent arrival of Ethereum ETFs, Bitcoin ETFs in the US saw ongoing positive inflows on the same day! Here’s a rundown of the recent developments.
On Wednesday, spot Bitcoin exchange-traded funds (ETFs) in the US witnessed net inflows totaling $21.52 million, extending the positive trend that kicked off on Tuesday.
US Spot Bitcoin ETFs Maintain Momentum with $21.5 Million Net Inflows
According to data from SoSoValue, Fidelity’s FBTC led the inflows with $19 million. Grayscale’s GBTC also marked a positive net inflow of $4 million, its first since June 5. Additionally, VanEck noted $3 million in inflows on Wednesday.
However, Ark Invest and 21Shares’ ARKB saw the only net outflow of the day, amounting to $5 million. Funds from BlackRock, Bitwise, Valkyrie, and others remained neutral with no significant flows.
Since their introduction in January, spot Bitcoin ETFs have amassed total net inflows of $14.44 billion.
Related Developments
Insights Hint at Imminent Launch of Ethereum Spot ETFs
Anticipated Ethereum Investment Options
In related reports on Wednesday, Reuters cited anonymous sources revealing that the US Securities and Exchange Commission (SEC) is poised to greenlight spot Ethereum ETFs as early as next Thursday, July 4.
Previously, senior Bloomberg ETF analyst Eric Balchunas had speculated July 2 as a potential launch date.
SEC Chairman Gary Gensler indicated earlier this week that the rollout of spot Ethereum ETFs was progressing smoothly, but refrained from specifying a precise timeline.
The regulator granted provisional approval for spot ether ETFs last month and is presently scrutinizing revised registration statements from issuers.
*Please note that this is not financial advice.
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