Spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. saw inflows of $533.6 million on July 22, ahead of the spot Ethereum ETF launch. This marks the highest inflows since June 4’s $886.6 million, continuing a three-week streak of positive momentum.
Fidelity Wise Origin Bitcoin Fund (FBTC), Invesco Galaxy Bitcoin ETF (BTCO), and Franklin Bitcoin ETF (EZBC) recorded inflows of $23.7 million, $13.7 million, and $7.9 million, respectively. However, VanEck Bitcoin Trust (HODL) saw outflows of $38.4 million.
Despite bullish sentiment, Bitcoin’s price fell by 1.3% in the past 24 hours, trading at $66,650. The total value of spot BTC ETFs now stands at $17.58 billion.
This surge in ETF inflows indicates strong investor confidence, potentially setting the stage for future market growth and greater adoption of cryptocurrency investment products.
