As prices in Bitcoin and altcoins continue to fluctuate, this has also been reflected in spot ETFs.
At this point, there was an outflow from spot Bitcoin ETFs, while Ethereum ETFs experienced a net inflow.
According to Farside Investors data, US spot Bitcoin ETFs recorded a net outflow of approximately $11.6 million yesterday, July 27.
This marks the third consecutive day of outflows from BTC ETFs, although the rate of outflows has begun to slow.
BlackRock’s IBIT fund led the way in Bitcoin ETF outflows with $8.8 million, followed by Fidelity’s FBTC fund with $2.8 million.
While no outflows were recorded except for two funds, Bitwise’s BITB; Ark Invest’s ARKB; Grayscale’s GBTC; Grayscale’s Mini BTC; Morgan Stanley’s MSBT; Wisdom Tree’s BTCW; VanEck’s HODL; Invesco’s BTCO; Franklin Templeton’s EZBC; and Valkyre’s BRRR fund recorded 0 flows.
Ethereum and Altcoins Are in a Mixed State!
In contrast, Ethereum ETFs experienced inflows. According to Farside Investors data, US spot Ethereum ETFs recorded net inflows of approximately $11.7 million on July 27th. This signifies a reversal of the net outflows.
In ETH ETFs, BlackRock’s ETHA fund was the only fund to experience inflows, recording $11.7 million.
In contrast, Fidelity’s FETH; Grayscale’s Mini Ethereum (ETH); BlackRock’s ETHB; Bitwise’s ETHW; 21Shares’ TETH; VanEck’s ETHV; Invesco’s QETH; and Franklin Templeton’s EZET fund all recorded 0 flows.
Lastly, spot Solana ETFs recorded a net inflow of $1 million, while HYPE saw an outflow of $2.9 million, and XRP ETFs experienced neither inflow nor outflow.
*This is not investment advice.
