Home / Crypto News / Spot Bitcoin ETFs See $247M Inflow, Ethereum Surges

Spot Bitcoin ETFs See $247M Inflow, Ethereum Surges

Spot Bitcoin ETFs saw $247M inflows Aug 4–8, led by IBIT. Ethereum ETFs hit 13 weeks of gains with $327M inflows, signaling strong demand.

Key Takeaways

  • Spot Bitcoin ETFs saw a net inflow of $247 million between Aug 4–8 (ET).
  • BlackRock’s IBIT accounted for $189 million of Bitcoin inflows.
  • Spot Ethereum ETFs recorded $327 million in inflows, marking 13 straightj positive weeks.

Spot Bitcoin ETFs Record $247M Inflow, Ethereum Leads

The week from August 4 to August 8 (ET) saw a lot of activity in the cryptocurrency ETF market, with Bitcoin and Ethereum spot ETFs leading the way. Spot Bitcoin ETFs raked in a total net inflow of $247 million, signifying that investors are still interested and confident in the largest crypto in the world.

Most of the Bitcoin ETF inflows to BlackRock’s iShares Bitcoin Trust (IBIT) were that one only, that five-day period attracted $189 million in. The good time for this fund indicates that more and more institutional investors are participating, especially traditional finance players who are still exploring digital assets as a part of their diversified investment strategies.

Spot Ethereum ETFs Achieve 13 Consecutive Weeks of Inflows

Even though Bitcoin ETFs performed very well, Ethereum spot ETFs were far ahead with their even better performance. At that time, Ethereum ETFs took in net inflows of $327 million. If we look at the pattern, this is the 13th week in a row that we can see the positive trend of inflows for Ethereum; this reflects the feeling of unlimited demand and confidence that the future of ETH.

The analysts are saying that the rotation of Ethereum is due to several pluses like the near coming of the scaling improvements, decentralization of finance (DeFi) that will be achieved by adoption of Ethereum, and the prospects of future staking yield that can come through the regulated investment vehicles. The repeating inflow could also be interpreted as the step forward of institutional investors in Ethereum diversification which is more definite than their focus on just Bitcoin.

Summary

From August 4 to August 8, Bitcoin and Ethereum spot ETFs together attracted $574 million in net inflows. Bitcoin ETFs, led by BlackRock’s IBIT, brought in $247 million, while Ethereum ETFs set a remarkable milestone with $327 million in inflows over 13 consecutive weeks. This trend underscores the growing institutional confidence in both leading digital assets, with Ethereum showing exceptional resilience and appeal alongside Bitcoin.

Also Read: Ethereum ETFs Outpace Bitcoin in Fresh Inflows Surge

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