Bitcoin ETFs rebounded strongly, with net inflows of $408 million, in stark contrast to the net outflows the day before. Meanwhile, Ethereum ETFs saw a slight net outflow of $1.82 million, mainly affected by the large withdrawal of BlackRock ETHA.
Bitcoin funds rebound after a brief downturn, and eight spot ETF products record inflows
Bitcoin exchange-traded funds (ETFs) rebounded quickly. After Tuesday’s pullback, U.S. spot Bitcoin funds returned strongly on Wednesday, July 2, with net inflows of $408 million, showing an overall increase in investor confidence.
Funds came from all corners of the ETF space. Fidelity’s FBTC led the way, attracting $183.96 million. Ark 21Shares’ ARKB followed closely behind with inflows of $83 million, while Bitwise’s BITB added a respectable $64.94 million.
Grayscale’s GBTC contributed $34.56 million, while its Bitcoin Mini Trust added another $16.53 million. Invesco’s BTCO ($9.85 million), Franklin’s EZBC ($9.51 million), and Vaneck’s HODL ($5.42 million) rounded out the week. Total trading volume soared to $5.22 billion, and net assets climbed to $136.68 billion.
Bitcoin ETFs have clearly shrugged off yesterday’s alarm. Ethereum ETFs, while still showing resilience, may need a more stable helm to maintain their upward trajectory.
