On July 3rd, the investor interest in the spot Bitcoin and Ethereum exchange-traded funds listed in the USA increased again.
751 Million Dollar Net Inflow to Spot Bitcoin and Ethereum ETFs on July 3
While Spot Bitcoin ETFs recorded a total net inflow of 602 million dollars, Fidelity’s FBTC fund was the product with the highest inflow at 237 million dollars.
Strong performance was also observed in spot Ethereum ETFs. The total daily net inflow was recorded at 149 million dollars. While all funds experienced positive flows, only Grayscale’s ETHE fund saw a net outflow of 5.35 million dollars.
This data shows that investor interest has quickly recovered following the $342 million outflow in spot Bitcoin ETFs on July 2.
Experts indicate that despite short-term fluctuations, strong institutional demand for ETFs continues and this situation could create upward pressure on crypto assets.
The intense interest in crypto ETFs is seen as an important indicator during a period when the market is searching for new catalysts.
While the inflows into ETFs continue, at the time this article was written, the Bitcoin price was trading around 108,800 dollars.
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