Bitcoin ETFs Stage Strong Recovery
The U.S. spot Bitcoin ETF market demonstrated remarkable resilience, rebounding sharply from the previous day’s outflows. On July 2 (local time), these ETFs recorded $408 million in net inflows, signaling renewed investor confidence.
Key Inflow Highlights:
- Fidelity’s FBTC: Led with $183.96 million in inflows.
- ARK 21Shares’ ARKB: Added $83 million.
- Bitwise’s BITB: Saw $64.94 million in new capital.
- Grayscale’s GBTC: Attracted $34.56 million**, while its Bitcoin Mini Trust secured **$16.53 million.
Other notable inflows included:
- Invesco’s BTCO ($9.85 million)
- Franklin Templeton’s EZBC ($9.51 million)
- VanEck’s HODL ($5.42 million)
Market Snapshot:
- Daily trading volume: $5.22 billion
- Total AUM: $136.68 billion
Ethereum ETFs Struggle Amid BlackRock Outflows
While Bitcoin ETFs thrived, Ethereum ETFs faced headwinds, primarily due to a $46.89 million withdrawal from BlackRock’s ETHA. Despite inflows into other funds like:
- Fidelity’s FETH ($25.80 million)
- Bitwise’s ETHW ($8.33 million)
- Grayscale’s Ethereum Mini Trust ($8.10 million)
- VanEck’s ETHV ($2.84 million)
the segment ended with a net outflow of $1.82 million.
Ethereum ETF Metrics:
- Trading volume: $832.1 million
- AUM: $10.69 billion
Market Outlook: Bitcoin Dominates ETF Sentiment
Bitcoin ETFs reclaimed their dominance, swiftly overcoming prior volatility. Analysts highlight that Ethereum ETFs need stabilized flows to regain momentum, but Bitcoin remains the primary driver of positive ETF market sentiment.
FAQ Section
Q: Why did Bitcoin ETFs rebound so quickly?
A: Institutional demand and renewed investor confidence drove the recovery, particularly in funds like FBTC and ARKB.
Q: What caused outflows in Ethereum ETFs?
A: BlackRock’s ETHA saw significant withdrawals, overshadowing inflows into competing funds.
Q: How do ETF flows impact crypto prices?
A: Sustained inflows often correlate with bullish momentum, while outflows may indicate short-term caution.
👉 Stay updated on crypto ETF trends
Note: All data reflects July 2 trading activity. For real-time updates, follow trusted financial platforms.
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