Investor sentiment in the US digital asset market is shifting, with Ethereum exchange-traded funds (ETFs) attracting fresh inflows while Bitcoin-based products face outflows.
According to data from SoSo Value, US-listed Ethereum ETFs saw a combined inflow of $296.5 million on July 21, marking one of the asset class’s strongest single-day performances.
Fidelity’s FETH led the inflows with $127 million, followed by BlackRock’s ETHA at $102 million, and Grayscale’s ETHE at $55 million. Bitwise’s ETHW rounded out the group with an additional $13.1 million.
These inflows mark the twelfth consecutive day of net positive flows for Ethereum ETFs, with more than $3.5 billion entering these products. Notably, five of the ten most significant daily inflows since their launch have occurred in the past two weeks alone.
Additionally, trading volumes for Ethereum ETFs have reached new highs relative to native ETH spot volumes on centralized exchanges, surpassing levels seen at launch.
This trend suggests growing market confidence in Ethereum-based investment vehicles, possibly influenced by renewed institutional interest in the digital asset.
Bitcoin funds record first outflow
In contrast, US-traded Bitcoin ETFs saw a total net outflow of $131.4 million on the same day. This marks the first daily outflow for Bitcoin ETFs since July 1, breaking a 12-day streak.
According to SoSo Value data, the Ark 21Shares Bitcoin ETF led the outflows with $77.5 million, followed by Grayscale’s GBTC with $36.7 million. Other notable exits included $12.8 million from FBTC, $2.5 million from HODL, and $1.9 million from BITB.
Despite the temporary retreat, institutional interest remains intact.
On July 21, Bitwise CEO Hunter Horsley revealed that an endowment added Bitcoin exposure through Bitwise last Friday. Notably, the same institution had declined to invest a year ago but reconsidered in light of the improving regulatory climate.
The post Ethereum ETFs see $296.5 million inflow in a day, Bitcoin ETFs face $131.4 million outflow appeared first on CryptoSlate.
Investor sentiment in the US digital asset market is shifting, with Ethereum exchange-traded funds (ETFs) attracting fresh inflows while Bitcoin-based products face outflows. According to data from SoSo Value, US-listed Ethereum ETFs saw a combined inflow of $296.5 million on July 21, marking one of the asset class’s strongest single-day performances. Fidelity’s FETH led the
The post Ethereum ETFs see $296.5 million inflow in a day, Bitcoin ETFs face $131.4 million outflow appeared first on CryptoSlate.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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