US Spot ETF Net Inflows for July 23, 2024

Key Statistics and Updates👇

Bitcoin Spot ETFs:

Net Inflows: -$78M (first negative net flow in the past 13 trading days)

Only Inflow: BlackRock's iShares Bitcoin Trust (IBIT) saw inflows

Cumulative Total Net Inflow: Slightly dropped to $17.46B after 133 trading days

Ethereum Spot ETFs:

Net Inflows: +$107M

Significant Outflows: Approximately 5.3% of ETH held by Grayscale (ETHE) left the fund on the first trading day

Strong Inflows: BlackRock's iShares Ethereum Trust (ETHA) and Bitwise Ethereum ETF (ETHW) saw inflows exceeding $200M each

These updates highlight a contrasting trend between Bitcoin and Ethereum Spot ETFs, with Bitcoin experiencing its first negative net flow in almost two weeks, while Ethereum continues to attract substantial investment.