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.