Bitcoin ETFs Attract Nearly $1 Billion in Inflows Amid Anticipation of Ethereum ETF Launches

By: Eliza Bennet

Bitcoin ETFs have seen significant inflows amounting to almost $1 billion since Friday, highlighting a surge in investor interest ahead of the upcoming Ethereum ETF launches. According to data from Farside, on July 19 alone, Bitcoin ETFs recorded a substantial net inflow of $427.2 million. Leading the pack was BlackRock's iShares Bitcoin Trust (IBIT), which saw an impressive $116.2 million added to its holdings. Fidelity's Wise Origin Bitcoin Trust (FBTC) also demonstrated strong performance, securing $141 million in inflows, underscoring investor confidence.

The momentum didn't stop there. Bitwise's Bitcoin ETF (BITB) reported an inflow of $44.6 million, while Ark Invest's Bitcoin ETF (ARKB) followed closely with an inflow of $43.6 million. Despite recent challenges, Grayscale's Bitcoin Trust (GBTC) recorded an inflow of $20.3 million on this date. Overall, the figures reveal a robust trend in Bitcoin ETF investments, with total net inflows reaching impressive levels.

On July 22, Bitcoin ETF inflows peaked further, hitting a remarkable $533.6 million. BlackRock's IBIT dominated once again with an astonishing $526.7 million in net inflows. This strong performance indicates a reenergized interest in Bitcoin ETFs, potentially signaling positive sentiment in the digital asset market. Investors' heightened interest comes just before the anticipated launch of Ethereum ETFs, suggesting a broader bullish outlook for the crypto market.

As of now, the total inflow for spot Bitcoin ETFs in 2024 has reached $17.585 billion. This surge in inflows not only reflects the growing confidence in Bitcoin ETFs but also sets a promising stage for the soon-to-be-released Ethereum ETFs. As the market continues to evolve, these developments could pave the way for further growth and adoption of digital assets in the mainstream financial landscape.