$215.7 Million Inflows into Spot Bitcoin ETFs

As of July 9, spot Bitcoin ETFs recorded $215.7 million in net inflows. The distribution of these flows is as follows:

• IBIT: +$125.60 million

• ARKB: +$57.00 million

• BTCO: +$9.50 million

• FBTC: +$4.80 million

• BITB: +$3.00 million

• BTC: +$15.80 million

• GBTC, BTCW, BRRR, EZBC, and HODL: $0 inflow

Particularly strong capital inflows into major players like IBIT and ARKB are noteworthy. This suggests that institutional investors’ confidence in Bitcoin remains strong.

$211.3 Million Inflows into Spot Ethereum ETFs

A similarly strong trend is visible on the Ethereum side. Spot Ethereum ETFs saw $211.3 million in net inflows. The breakdown is as follows:

• FETH: +$29.50 million

• EZET: +$5.20 million

• ETHA: +$158.60 million

• ETH: +$18.00 million

• QETH, CETH, ETHW, ETHV, ETHE: $0 inflow

The large inflow into BlackRock’s ETHA fund highlights growing confidence in Ethereum’s potential. Ethereum now seems to be closely following Bitcoin in terms of institutional adoption.

Institutional Capital Flow Remains Strong

The July 9 data confirms that there is no slowdown in institutional interest on either the Bitcoin or Ethereum front. ETFs continue to serve as the main entry point into crypto for many investors. These strong inflows once again demonstrate that confidence in the crypto market remains high, and long-term interest is still alive and well.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Strong Inflows into Spot Bitcoin and Ethereum ETFs! What’s the Latest? appeared first on Coin Engineer.

This highlights that institutional interest remains largely focused on Bitcoin.

Strong Inflows into Bitcoin ETFs

As of July 2, the most notable inflows were as follows:

• FBTC: +$184 million

• ARKB: +$83 million

• GBTC: +$34.6 million

• BTC: +$16.5 million

• BTCO: +$9.9 million

• EZBC: +$9.5 million

• HODL: +$5.4 million

Total net inflow: $407.8 million

These strong inflows indicate that spot Bitcoin ETFs are regaining investor confidence, with institutional capital flowing back into the market.

Modest Outflows from Ethereum ETFs

On the Ethereum side, the data paints a more cautious picture:

• ETH: +$8.1 million

• ETHW: +$8.3 million

• ETHV: +$2.8 million

• Other ETFs showed zero net movement.

In total, this results in a net outflow of $1.9 million across Ethereum ETFs.

This suggests that interest in Ethereum ETFs has yet to reach desired levels, with investors showing more caution compared to Bitcoin.

Where Is Institutional Interest Focused?

The data reveals a clear trend: growing institutional demand for Bitcoin ETFs, while Ethereum products still struggle to attract significant volume.

Key reasons behind this discrepancy include:

• Bitcoin’s position as the market leader and its clearer regulatory framework

• Institutional investors still favoring Bitcoin-focused strategies over alternatives

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitcoin and Ethereum ETFs Are Opening a Break! What’s the Latest? appeared first on Coin Engineer.

You might like: SEC charged the founders of HyperFund with fraud

Significant Fee Reductions:

Invesco and Galaxy Asset Management have reduced the fees of their Bitcoin ETFs from 0.39% to 0.25%, increasing competition in this area and taking a significant step towards attracting investors.

Other Prominent Names in the Market:

However, with this fee reduction, Invesco Galaxy Bitcoin ETF (BTCO) has reached the same level as other issuers such as Ark, 21Shares, Bitwise, and Franklin Templeton. It has been observed that traditional financial issuers such as BlackRock and Fidelity have received more attention in the early days in this area.

Asset Growth and Fee Waiver: (Invesco)

According to Invesco’s statement, a zero fee will be applied for BTCO until its assets reach 5 billion dollars or for the first six months. This strategy aims to attract investors and increase the size of the fund.

GBTC Outflows and Price Pressure:

Although Bitcoin Trust (GBTC) outflows have created downward pressure on Bitcoin’s price for a while, JPMorgan analysts have stated that this situation has largely subsided.

We have @InvescoUS & @galaxyhq cutting the long term fee on their #Bitcoin ETF from 39 bps to 25 bps.

(Yes they have the fee waiver to 0% for first 6 months or $5 billion in assets). Story from @emily_graffeo & @kgreifeld pic.twitter.com/Erk2NU9kVF

— James Seyffart (@JSeyff) January 29, 2024

Increased Volume of New ETFs:

According to data, nine new spot Bitcoin ETFs in the US have seen a huge demand, almost doubling the volume of GBTC. BlackRock and Fidelity’s ETFs have made up a large portion of the volume in this area.

International Effects:

It has been observed that the fee war in the US has also affected European ETFs, and speculation has emerged that traders are starting to turn to US-based products.

Fee Reductions in Europe:

The reduction of fees in Invesco’s European-based Bitcoin ETF last week, and the follow-up of this move by WisdomTree, showed that a similar fee war is also taking place in Europe.

Conclusion and Future Expectations:

These rapid changes in the area of cryptocurrency ETFs are affecting investors’ preferences and leading to increasing competition in this area. As investors tend to prefer funds that offer low fees and favorable conditions, new products and strategies are expected to emerge in the coming days.

The post Invesco Lowers Bitcoin ETF Fees to Attract Investors! appeared first on Coin Engineer.