The large capital inflow into Bitcoin ETFs and Ethereum on July 21 recorded impressive increases according to Lookonchain data.
10 Bitcoin ETFs attracted a net inflow of 3,822 BTC, equivalent to about 454 million USD, while 9 Ethereum ETFs had cash flow of 110,473 ETH, equivalent to 422 million USD, with BlackRock's iShares leading in both segments.
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The net inflow on July 21 into Bitcoin ETFs reached 3,822 BTC, equivalent to 454 million USD.
Ethereum ETFs received an additional 110,473 ETH, worth about 422 million USD.
iShares from BlackRock dominates with the largest holdings of BTC and ETH.
What is the significance of Bitcoin ETF cash flow on July 21?
According to Lookonchain data, on July 21, 10 Bitcoin ETFs recorded a total net inflow of 3,822 BTC, equivalent to about 454 million USD. This data reflects the increasing trust and interest of institutional investors in Bitcoin in the form of ETF trading.
Outstanding statistics show that the iShares fund managed by BlackRock received a capital inflow of 4,225 BTC and currently holds 735,741 BTC, valued at 87.39 billion USD, proving its leading position in the Bitcoin ETF market.
The strong ETF cash flow reflects the increasingly clear shift in investment from individuals to institutions, demonstrating broader acceptance of Bitcoin.
James Smith, Multi-Asset Investment Director, Q2 2024
How has the Ethereum ETF recorded capital increases?
On the same day, 9 Ethereum ETFs attracted a net inflow of 110,473 ETH, equivalent to about 422 million USD at market prices, showing solid growth in cash flow into this asset. iShares from BlackRock continues to lead the metrics with a capital inflow of 110,758 ETH and a total holding of 2,571,519 ETH, valued at approximately 9.82 billion USD.
This affirms Ethereum's important position not only as a Blockchain foundation but also as an attractive investment asset through ETFs, expanding opportunities for institutional and individual investors.
Ethereum ETFs are emerging as a mainstream investment channel, attracting significant capital flows that reflect the long-term growth potential of the Ethereum Blockchain and the DeFi industry.
Linda Tran, Cryptocurrency Market Analyst, July 2024
What is the importance of the iShares fund (BlackRock) in the cryptocurrency ETF market?
iShares, the ETF fund managed by BlackRock, plays a central role with the largest Bitcoin and Ethereum holdings among ETFs as of July 21, 2024. The holdings of 735,741 BTC (87.39 billion USD) and 2,571,519 ETH (9.82 billion USD) demonstrate the scale and systematic investment process based on the reputable foundation of one of the largest asset management organizations in the world.
BlackRock's increased capital flow into Bitcoin ETFs and Ethereum indicates strong signals of acceptance, promoting liquidity and market stability through centralized financial products.
Frequently Asked Questions
What does the net inflow into Bitcoin ETFs and Ethereum mean?
This reflects the increasing trust of investors and the acceptance of cryptocurrencies in mainstream investment portfolios, contributing to enhanced liquidity and market stability.
How much Bitcoin and Ethereum does the iShares fund (BlackRock) currently hold?
iShares is managing 735,741 BTC with an estimated value of about 87.39 billion USD and 2,571,519 ETH, valued at approximately 9.82 billion USD as of July 21, 2024.
Why is ETF cash flow into cryptocurrencies important for investors?
ETF cash flow helps improve liquidity, increase transparency and accessibility for institutional and individual investors, while mitigating risks compared to direct cryptocurrency holdings.
How do other major ETF funds besides iShares contribute?
Although iShares leads, other ETF funds also contribute significant capital inflows, reflecting the trend of spreading interest and investment in cryptocurrencies from many financial institutions globally.
How reliable is Lookonchain data?
Lookonchain is a reputable On-chain analytics platform, widely used for cash flow reports and cryptocurrency market analysis by many financial institutions and experts.
Source: https://tintucbitcoin.com/bitcoin-ethereum-etf-hut-rong-manh/
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