On July 3, investor interest in spot Bitcoin and Ethereum exchange-traded funds (ETFs) traded in the US increased again. $751 Million Net Inflows into Spot Bitcoin and Ethereum ETFs on July 3 Spot Bitcoin ETFs recorded a total net inflow of $602 million, while Fidelity’s FBTC fund received the most inflows with $237 million. Spot Ethereum ETFs also saw strong performance, with daily net inflows totaling $149 million. All funds saw positive flows, with Grayscale’s ETHE fund alone seeing net outflows of $5.35 million. This data shows that investor interest is rapidly recovering following the $342 million outflow in spot Bitcoin ETFs on July 2. Experts say that despite short-term fluctuations, there is still strong institutional demand for ETFs, which could put upward pressure on crypto assets. The intense interest in crypto ETFs is considered an important indicator at a time when the market is searching for new catalysts. As inflows into ETFs continue, the Bitcoin price was trading at $108,800 at the time of writing. *This is not investment advice. Continue Reading: As Bitcoin Tries to Break Above 110,000 Resistance, Heavy Inflows to ETFs Continue! Here is the Latest Data
