Crypto-based spot ETFs have drawn a great surge of investor interest, led by Bitcoin and Ethereum. These two assets form the base of regulated crypto exposure, thus setting the stage for other altcoins such as SOL, XRP, etc, which are on the way to the ETF path.
The data from SoSoValue reveals that Bitcoin spot ETFs have attracted $2.72 billion in net inflows for the week that ended on July 11, thus reinforcing Bitcoin’s ETF dominance and sparking a race for the launch of similar regulated products, such as XRP ETF.
The amount of net inflows in Bitcoin spot ETFs remains unchanged for five weeks in a row, indicating unwavering investor interest.
BlackRock’s IBIT has been the best performer, collecting more than $953 million in a single day. The fund is now at $84.20 billion in net assets. Fidelity’s FBTC has also risen with a $12.61 billion total net inflow, while Grayscale’s GBTC continues to be on the losing side with another weekly outflow of $23.38 billion.
Other ETFs like ARKB, BRRR, and BITB have also recorded sizable inflows during the same period.
Concurrently, Ethereum is also very active; its ETFs garnered $908 million last week, indicating increased trust in ETH as a compliant trade. This is a good sign for other ETFs, especially considering well-known crypto assets like Solana, XRP, ADA, etc.
Most of all, no ETH ETFs saw any outflows, thus continuing a strong nine-week streak of continuous inflow activity.
Bitcoin is currently priced at around $122,305, while Ethereum is hovering near the $3,034 level, which underlines the success of regulated crypto products
The recent increase in inflows implies that investors are becoming more confident in crypto-based ETFs as a vehicle for their long-term investment strategy. With both BTC and ETH spot funds experiencing steady capital inflows, it can be inferred that there is a growing interest in regulated crypto exposure.
Also Read: ProShares XRP ETF Launch Set for July 18 Amid Crypto Week Buzz
