Bitcoin and Ethereum ETFs Snap Long Losing Streak with Significant Inflows
Bitcoin ETFs recorded their first inflow in 8 weeks with $200M, while Ethereum's spot ETFs saw $18.4M in inflows on July 10. BlackRock led the Bitcoin inflows with $86M, with the entire crypto market showing signs of recovery.
The cryptocurrency market witnessed a significant change on July 10 with Bitcoin ETFs showing their first inflow in 8 weeks. The total inflows reached $200 million, ending the weeks of bleeding. Ethereum's spot ETFs also recorded a net inflow of $18.4 million on the same day.
The inflows were led by BlackRock, which saw a net inflow of $86 million in Bitcoin ETFs. This development was seen as a positive sign for the entire crypto market, as many investors had been waiting for a signal to enter the market. The market is now hopeful that this could be the start of a new trend.
The reversal is a tentative signal that institutional appetite may be stabilizing after a prolonged risk-off stretch in digital assets. With BLK BlackRock's spot products anchoring the inflows, a sustained trend would depend on follow-through in the coming sessions rather than a single day's data. Traders will watch whether flows hold through the week and whether Ethereum products can build on their smaller $18.4 million net inflow, which remains modest relative to Bitcoin's.
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