U.S. Spot Bitcoin ETFs Pull In $32 Million, Reversing Four-Day Outflow Streak as Ether Funds Shed $18.6 Million
U.S. spot Bitcoin exchange-traded funds posted net inflows of $32.11 million on July 29, ending a four-day streak of outflows. BlackRock’s IBIT led the gains with $89.83 million in purchases, while redemptions at competitor funds offset part of the total.
Spot ether ETFs recorded a net outflow of $18.65 million on the same day, though Morgan Stanley’s newly launched MSSE trust posted the largest single inflow at $14.30 million. Solana and XRP spot ETFs also saw gains, adding $19.06 million and $584.71 million respectively, according to the flow data.
From the sources (6 posts)
@arkhamBlackRock is selling Bitcoin - and buying ETH. So far this week BlackRock’s clients have net SOLD $60M of the IBIT ETF. However, they have bought more than $20M of ETH in the same time period. Are institutions rotating into ETH? https://t
@lookonchainJuly 29 Update: #Bitcoin ETFs: 1D NetFlow: -977 $BTC(-$62.73M)🔴 7D NetFlow: -7,225 $BTC(-$464.05M)🔴 #Ethereum ETFs: 1D NetFlow: +2,000 $ETH(+$3.8M)🟢 7D NetFlow: +20,277 $ETH(+$38.49M)🟢
@coinmarketcapCrypto had no shelter. BNB flat at +0.1%, ETH -0.9%, BTC -2.6% to $64,352.90, SOL worst at -5.1%. The bitcoin ETF bid didn't fade, it inverted: net -$39.5M over seven sessions to 7/28, from +$981M a week earlier. IBIT alone shed $414.7M on
@theblockcoTHE BLOCK: Spot bitcoin ETFs returned to net inflows on Wednesday with $32 million after four straight days of net outflows. Meanwhile, spot ether ETFs shed $18.6 million on the same day.
@wublockchainBitcoin ETFs Draw $32 Million as BlackRock Leads Inflows U.S. spot Bitcoin ETFs recorded net inflows of USD 32.11 million on July 29, according to SoSoValue, with BlackRock’s IBIT attracting USD 89.83 million as outflows from other funds o
@cointelegraph🇺🇸 ETF FLOWS: BTC, SOL and XRP spot ETFs saw net inflows on July 29, while ETH spot ETFs saw net outflows. BTC: $32.11M ETH: -$18.65M SOL: $19.06M XRP: $584.71K