In recent days, US spot Bitcoin exchange-traded funds (ETFs) have experienced notable activity, marked by substantial inflows totaling $78.93 million on July 11. This marks the fifth consecutive day of positive net inflows, underscoring robust investor interest in these financial products.
Leading the pack, BlackRock’s IBIT emerged as the largest spot BTC ETF by net asset value, drawing $72.09 million in inflows and boasting a significant trading volume of $725.61 million on July 10, making it the most actively traded Bitcoin ETF currently.
Fidelity’s FBTC also showed strong performance with $32.69 million in net inflows, followed by Bitwise’s spot Bitcoin fund adding $7.53 million, and Ark Invest and 21Shares’ ETF contributing $4.31 million.
However, Grayscale’s GBTC saw net outflows of $37.69 million on July 11, alongside six other ETFs like VanEck’s HODL and Invesco Galaxy’s BTCO, which recorded no net flows.
Despite a recent dip, US spot Bitcoin ETFs have amassed $15.5 billion in total net inflows since their January launch, reflecting significant growth and sustained investor interest. The total trading volume for these funds reached $1.31 billion on July 11, though notably lower than the peaks seen in March when volumes exceeded $8 billion on multiple days.
Looking ahead, anticipation surrounds the potential approval of spot Ethereum ETFs by the SEC, with issuers having updated their S-1 statements in response to regulatory feedback.
Analysts speculate that the launch of Ethereum-based ETFs could trigger bullish momentum for the cryptocurrency, with projected price boosts reaching around $9,657 by 2025, driven by factors like reduced transaction fees due to the DenCun upgrade.
However, some experts caution about potential market corrections and waning investor sentiment, suggesting a more pessimistic outlook for Ethereum in 2026.
Currently, Ethereum’s price hovers around $3,134, having briefly dropped below $3,000 on July 8 but recovering slightly with a recent uptick of nearly 5% over the past week, mirroring broader trends in the crypto market as Bitcoin struggles below the $60,000 mark.
