On the 29th of July, the Bitcoin and Ethereum ETFs have gone through significant flows. Spot On Chain, a prominent on-chain analytics platform, disclosed that BTC ETFs saw $124 million in inflows while ETH ETFs witnessed $98 million in outflows. The analytics company disclosed the respective development on its official social media account.
Bitcoin and Ethereum ETFs Record $124M in Inflows and $98M in Outflows Respectively
In its exclusive series of X posts, the platform provided updates about the ETF flows of Bitcoin and Ethereum. As per it, the recent data discloses huge changes in crypto investments. On the 29th of July, the above-mentioned flows of the exchange-traded funds point out that the investor sentiment is quite dynamic. In addition to this, the development also signifies the reallocations within the cryptocurrency sector.
The addition of $124M in BTC ETFs highlights resilient investor confidence and a strong interest in the top crypto asset. While providing the details of these inflows, Spot On Chain revealed the individual inflows of the BTC ETFs. It mentioned that irrespective of the overall optimistic net flow, the individual exchange-traded funds displayed varied performances.
BlackRock (IBIT) took the top spot with the inclusion of more than $205.6 million. Nonetheless, VanEck (HODL), Valkyrie (BRRR), ARK 21Shares, Franklin (EZBC), Invesco (BTCW), and WisdomTree (BTCO), saw $0 inflows. On the other hand, Fidelity (FBTC), Bitwise (BITB), and Grayscale (GBTC) recorded outflows of $5.9M, $21.3M, and $54.3M respectively. Cumulatively, the BTC ETFs went through an inflow of +$124.1M.
In the case of Ethereum ETFs, substantial outflows took place on the 29th of July. Nonetheless, the individual performance of most of the ETH ETFs was positive. According to Spot On Chain, BlackRock (ETHA) added $58.2M. Fidelity (FETH) witnessed inflows of up to $24.8M worth. VanEck (ETHV) saw $10.9M in inflows.
Grayscale (ETHE) Sees a Massive $210M in Outflows
Moreover, Bitwise (ETHW), Grayscale Mini (ETH), and Franklin (EZET) experienced inflows of nearly $10.4M, $4.9M, and $2.5M worth respectively. However, Invcesco (QETH) and 21Shares (CETH) saw $0 in inflows. Contrarily, Grayscale (ETHE) solely recorded outflows of $210M, placing total ETH ETF outflows at $98.3M.
