Bitcoin and Ethereum ETFs See Inflows for First Time Since April
Investors added $233.96 million to Bitcoin ETFs and $337.74 million to Ethereum funds in July, marking the first positive month since April after a prolonged outflow period that saw over $6 billion leave Bitcoin ETFs alone between May and June. Both cryptos ended an eight-week losing streak during this time, though Bitcoin’s gains were partially reversed by two sessions on July 23–24. Ethereum ETFs have attracted more money than Bitcoin funds in recent weeks despite being a fraction of their size—$10 billion versus $80 billion. This trend is partly attributed to Robinhood's new Ethereum blockchain, which processes around $800 million daily and has driven increased inflows into ETH products. Meanwhile, XRP ETFs have seen a sharp decline in interest, with inflows dropping from $131.94 million in May to just $12.43 million in July. HYPE funds also posted their first negative month after leading crypto ETF performance in June.
Tickers: $HOOD
Topics: Bitcoin ETFs crypto inflows Ethereum ETFs HYPE ETFs XRP funds