Ethereum ETF attracted money on the first day, Bitcoin ETF inflows were suspended, and market funds showed a trend of differentiation
On Tuesday, July 12, the US market Bitcoin spot ETF experienced net outflows for the first time after 12 consecutive days of net inflows. Except for IBIT under BlackRock, other Bitcoin ETFs reported zero inflows or net outflows. Among them, FBTC under Fidelity had the highest net outflow of US$70 million, ARKB under Ark Invest also had a net outflow of US$50 million, and GBTC under Grayscale had a net outflow of US$27 million.
The outflow of funds from Bitcoin ETFs may be partly due to investors turning their funds to the newly launched Ethereum spot ETF. The Ethereum ETF attracted an inflow of US$107 million on its first day, showing the market's strong interest and confidence in Ethereum.
