As Bitcoin and altcoin prices continue to fluctuate, this has also impacted spot ETFs.
At this stage, an outflow of funds from spot Bitcoin ETFs has been observed, while Ethereum ETFs have seen a net inflow.
According to data from Farside Investors, yesterday, July 27th, U.S. spot Bitcoin ETFs recorded a net outflow of approximately $11.6 million.
This marks the third consecutive day of outflows from $BTC ETFs, although the pace of the outflow has started to slow down.
Leading the outflow from Bitcoin ETFs was BlackRock's IBIT fund with an outflow of $8.8 million, followed by Fidelity's FBTC fund with $2.8 million.
No outflow was recorded for the other funds: BITB (Bitwise), ARKB (Ark Invest), GBTC (Grayscale), Mini $BTC (Grayscale), MSBT (Morgan Stanley), BTCW (Wisdom Tree), HODL (VanEck), BTCO (Invesco), EZBC (Franklin Templeton), and BRRR (Valkyre).
The Situation with Ethereum and Altcoins is Mixed!
In contrast, Ethereum ETFs have experienced an inflow of funds. According to data from Farside Investors, on July 27th, the net inflow into U.S. Ethereum ETFs was approximately $11.7 million. This indicates a reversal from the previous trend of net outflows.
In the $ETH-ETF segment, the only fund receiving inflows was BlackRock's ETHA fund, which recorded a capital inflow of $11.7 million.
Unlike these, the funds FETH (Fidelity), Mini Ethereum ($ETH) (Grayscale), ETHB (BlackRock), ETHW (Bitwise), TETH (21Shares), ETHV (VanEck), QETH (Invesco), and EZET (Franklin Templeton) registered zero inflow.
Finally, the net inflow into spot Solana ETFs was $1 million, there was an outflow of $2.9 million from HYPE, and XRP ETFs saw neither inflow nor outflow.
*This is not investment advice.
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