- Bitcoin spot ETFs saw $218 million in daily inflows, extending a five-day streak and reaching $50.16 billion in total inflows.
- Ethereum ETFs added $211 million, with ETHA from BlackRock leading at $158.62 million and posting the highest daily price gain.
- Grayscale’s GBTC and ETHE recorded no inflows, with both ETFs maintaining negative cumulative net flow despite large net asset holdings.
According to a recent update on ETFs as of July 9, market data indicates that Bitcoin spot ETFs recorded a $218 million net inflow, marking five straight days of positive flows. On the other hand, Ethereum spot ETFs followed closely with a $211 million net inflow, continuing a four-day streak of gains.
BlackRock’s IBIT Dominates Bitcoin ETF Market
Tracking the ETFs’ performance, the cumulative total net inflows stood at $50.16 billion, with a total value traded of $4.35 billion. Net assets across all listed ETFs amounted to $139.39 billion, representing 6.33% of Bitcoin’s total market cap.
Further insight into the specific ETFs reveals that IBIT, the ETF sponsored by BlackRock and listed on NASDAQ, got ahead, with an average daily net inflow of $125.58 million. Its net inflow accumulated to the extent of $53.00 billion, and its net assets were $77.62 billion. FBTC on CBOE has a daily net inflow of Fidelity of $4.84 million and a cumulative amount of inflow of $12.28 billion.
Also Read: Bitcoin ETF Inflows Drop 65% as Market Pulls Back From $110K Peak
Meanwhile, Grayscale’s GBTC showed zero net inflow for the day. It remained negative in cumulative net inflow at -$23.34 billion. Despite this, it held $20.57 billion in net assets. ARKB, listed by Ark & 21Shares, recorded a $56.96 million inflow, with net assets at $5.38 billion.
BITB from Bitwise reported a $3.01 million inflow and $4.43 billion in assets. VanEck’s HODL ETF showed no daily inflow and had $1.74 billion in net assets.
Valkyrie’s BRRR, despite its small market presence, recorded a $2.34 million daily inflow. Invesco’s BTCO and Franklin’s EZBC both posted daily inflows of $9.48 million and $0.00, respectively. Their net assets stood at $599.42 million and $579.35 million. WisdomTree’s BTCW saw a $0.02 million daily inflow and held $171.04 million in net assets.
What About Ethereum ETFs?
While Bitcoin ETFs proved a positive track for five consecutive days, so did Ethereum ETFs in 4 days. An update by SoSoValue indicates that Ethereum ETFs’ cumulative inflows reached $4.72 billion, while total net assets stood at $11.84 billion, representing 3.58% of Ethereum’s market cap. ETHA from BlackRock led with $158.62 million in inflows, pushing its cumulative net inflow to $5.85 billion. ETHA also posted the highest net assets at $5.20 billion and a daily gain of 6.02%.
Grayscale’s ETHE held $3.13 billion in net assets but recorded no daily inflows. Its cumulative net flow remained negative at -$4.29 billion. ETH, also from Grayscale, reported a $17.96 million inflow and $777.62 million in cumulative net inflows. FETH by Fidelity saw $29.53 million in inflows and now holds $1.48 billion in assets.
Other products, including ETHW by Bitwise, ETHV by VanEck, and EZET by Franklin, saw no inflows, but prices rose over 5.9% across the board. Smaller ETFs like QETH and CETH also posted price gains and modest inflows of $5.21 million and $4.76 million, respectively. Value traded across the top nine ETFs reached $1.26 billion. All listed ETFs showed positive daily price changes, with the highest recorded at 6.22% for QETH.
Also Read: Ethereum Price Sees Bullish Surge, ETF Inflows Target $2,900