en.bitcoinsistemi.com
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.