Bitcoin and Ethereum ETFs See Strong Inflows, Led by BlackRock’s iShares
According to PANews, data from Lookonchain shows significant capital inflows into both Bitcoin $BTC and Ethereum $ETH
ETFs on July 29.
Bitcoin ETFs:
Ten Bitcoin ETFs recorded a combined net inflow of 1,163 BTC, valued at approximately $137 million. Leading the pack was iShares by BlackRock, which reported a single-day inflow of 1,249 BTC—worth around $147 million. This brings iShares' total Bitcoin holdings to 739,261 BTC, valued at $87.08 billion.
Ethereum ETFs:
Nine Ethereum ETFs saw a net inflow of 20,290 ETH, totaling $76.62 million. Once again, iShares led the inflows, adding 34,799 ETH in a single day, valued at $131.4 million. The firm now holds 2,959,462 ETH, with a total value of $11.17 billion.
These robust inflows signal continued investor confidence in spot crypto ETFs, particularly those managed by major institutions like BlackRock.