- BTC ETFs recorded $75.3M in net inflows.
- ETH ETFs brought in $46.7M in net inflows.
- Total of 696 BTC and 18.4K ETH were bought.
Investor appetite for crypto ETFs remained strong on July 8, with Bitcoin and Ethereum funds seeing over $120 million in net inflows combined. According to recent data, around 696 BTC and 18,400 ETH were bought through ETFs, reflecting growing institutional and retail interest despite recent market fluctuations.
Bitcoin ETFs led the charge, recording approximately $75.3 million in net inflows. This marks a continuing trend of capital moving into digital assets via regulated financial instruments, offering a safer and more familiar entry point for traditional investors.
Ethereum ETFs See Renewed Interest
Ethereum ETFs also saw significant activity, with $46.7 million in net inflows. The purchase of 18.4K ETH through these funds is a positive signal for Ethereum’s market sentiment, especially as anticipation builds around the potential approval of spot ETH ETFs and Ethereum’s upcoming network upgrades.
This inflow suggests growing confidence in Ethereum’s long-term value and its role beyond just a digital currency — as a foundational layer for decentralized applications and smart contracts.
What This Means for the Crypto Market
The strong ETF inflows into both BTC and ETH highlight a broader trend: institutional acceptance of cryptocurrencies is deepening. As more capital flows into ETFs, the perceived legitimacy and stability of crypto assets grow, potentially paving the way for greater regulatory clarity and even more inflows in the future.
With macroeconomic factors like inflation concerns and interest rate uncertainty, investors may be turning to crypto ETFs as a hedge — signaling a bullish sentiment in the current market climate.
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