Bitcoin
Bitcoin, Ethereum Funds See Surge in Flows Ahead of ETH Spot ETF Trading
Bitcoin, Ethereum Funds See Surge in Flows Ahead of ETH Spot ETF Trading
According to CoinShares, global Bitcoin funds registered net inflows totaling US$148 million last week. In contrast, Bitcoin short products saw outflows worth $3.5 million. Ethereum funds also attracted $33.5 million, marking the second consecutive week of positive inflows after a prolonged period of minimal activity.
“This reflects a shift in investor sentiment toward Ethereum, which has seen a 10-week period of outflows totaling $200 million,” CoinShares noted. This renewed interest in Ethereum has also had a positive impact on Solana, which saw inflows of $5.8 million amid speculation about potential Solana ETFs and other altcoin products.
While the majority of these flows originate in the United States, significant investments in cryptocurrencies have also been reported in Canada and Switzerland, where Ethereum maintains strong institutional support alongside Bitcoin.
Experts are projecting that Ethereum ETFs could debut in July, potentially capturing around 20% of the demand seen for Bitcoin ETFs. “Securing 20% of Bitcoin ETF demand would mean a hugely successful launch by typical ETF standards,” Bloomberg ETF analyst Eric Balchunas commented last week.