Inflows into Bitcoin ETFs Continue as the Likelihood of Approval of Ethereum ETFs Increases! Here are the Details

US spot Bitcoin exchange-traded funds (ETFs) had another big day on Monday, with net inflows of $241.12 million. This marks the sixth consecutive day of inflows, the longest streak of positive momentum for these funds since mid-March.

Spot Bitcoin ETFs Report Net Inflows for Sixth Day in a Row

Ark Invest and 21Shares' spot Bitcoin ETF led this rush, receiving $68 million in new investment.

BlackRock's IBIT followed closely behind at $66 million, according to SoSoValue data. Fidelity's FBTC reported a net inflow of $64 million, while Bitwise's spot ETF attracted $28 million in investment.

Grayscale's GBTC, which until recently had mainly experienced net outflows, saw net inflows of $9 million. WisdomTree's BTCW fund added $5 million to the list.

Over the past six days, 11 spot Bitcoin ETFs have collectively generated more than $1.18 billion in net inflows, bringing total net inflows since January to $12.87 billion.

Despite this upward trend, overall flows for ETFs remain significantly lower than their peak levels in March.

In line with ETF inflows, the Bitcoin price increased by 6.35% in the last 24 hours, rising above $71,000. This price increase further underlines the growing investor interest and confidence in Bitcoin.

Bloomberg ETF analysts Eric Balchunas and James Seyffart noted that the likelihood of the U.S. Securities and Exchange Commission approving spot Ethereum ETFs has increased significantly, from 25% to 75%.

This shift in probability indicates broader acceptance and potential regulatory approval of more cryptocurrency-based investment products in the near future.

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