This marks the third consecutive day of outflows from $BTC ETFs, although the rate of outflows has begun to slow.
BlackRock’s IBIT fund led the way in Bitcoin ETF outflows with $8.8 million, followed by Fidelity’s FBTC fund with $2.8 million.
While no outflows were recorded except for two funds, Bitwise’s BITB; Ark Invest’s ARKB; Grayscale’s GBTC; Grayscale’s Mini $BTC; Morgan Stanley’s MSBT; Wisdom Tree’s BTCW; VanEck’s HODL; Invesco’s BTCO; Franklin Templeton’s EZBC; and Valkyre’s BRRR fund recorded 0 flows.
Ethereum and Altcoins Are in a Mixed State!
In contrast, Ethereum ETFs experienced inflows. According to Farside Investors data, US spot Ethereum ETFs recorded net inflows of approximately $11.7 million on July 27th. This signifies a reversal of the net outflows.
In $ETH ETFs, BlackRock’s ETHA fund was the only fund to experience inflows, recording $11.7 million.
In contrast, Fidelity’s FETH; Grayscale’s Mini Ethereum ($ETH); BlackRock’s ETHB; Bitwise’s ETHW; 21Shares’ TETH; VanEck’s ETHV; Invesco’s QETH; and Franklin Templeton’s EZET fund all recorded 0 flows.
Lastly, spot Solana ETFs recorded a net inflow of $1 million, while HYPE saw an outflow of $2.9 million, and XRP ETFs experienced neither inflow nor outflow.
*This is not investment advice.