Bitcoin ETFs rebounded in force with a $408 million net inflow, marking a sharp reversal from the previous day’s outflow. Ether ETFs, meanwhile, posted a minor $1.82 million outflow, weighed down by a large exit from Blackrock’s ETHA.
Bitcoin Funds Rally After Brief Lull as Eight Spot ETF Products Log Inflows
Bitcoin exchange-traded funds (ETFs) wasted no time bouncing back. After Tuesday’s pullback, U.S. spot bitcoin funds came roaring back with a $408 million net inflow on Wednesday, July 2, underscoring strengthened investor confidence across the board.
The capital came from across the ETF landscape. Fidelity’s FBTC led the charge, pulling in $183.96 million. Ark 21Shares’ ARKB followed closely with $83 million, and Bitwise’s BITB added a robust $64.94 million.
Grayscale’s GBTC contributed $34.56 million, while its Bitcoin Mini Trust added another $16.53 million. Invesco’s BTCO ($9.85 million), Franklin’s EZBC ($9.51 million), and Vaneck’s HODL ($5.42 million) rounded out the strong showing. Total value traded surged to $5.22 billion, and net assets climbed to $136.68 billion.
Source: Sosovalue
The ether ETF segment, however, saw a slight stumble. Despite healthy inflows into Fidelity’s FETH ($25.80 million), Bitwise’s ETHW ($8.33 million), Grayscale’s Ether Mini Trust ($8.10 million), and Vaneck’s ETHV ($2.84 million), a hefty $46.89 million outflow from Blackrock’s ETHA pushed the group into a net negative of $1.82 million. Total value traded held firm at $832.10 million, while net assets remained strong at $10.69 billion.
Bitcoin ETFs clearly shrugged off yesterday’s red flag. Ether ETFs, while still showing resilience, might need a steadier hand at the wheel to maintain their upward trajectory.
