Bitcoin exchange-traded funds (ETFs) had another stellar day, pulling in a cool $80 million, with Blackrock’s IBIT leading the charge. Ether ETFs weren’t far behind, raking in $46.63 million and pushing their net assets just over $11 billion. 🚀
Investor enthusiasm for digital asset ETFs remained as strong as ever on Tuesday, July 8, with both bitcoin and ether ETFs seeing a healthy influx of cash and, more importantly, no outflows. It’s like a digital piggy bank that only gets fatter. 🐷
Bitcoin ETFs managed to secure an impressive $80.08 million net inflow, a testament to the consistent institutional demand. Blackrock’s IBIT was the star of the show, bagging $66.81 million, while Grayscale’s Bitcoin Mini Trust added $4.82 million, Fidelity’s FBTC chipped in with $4.75 million, and Valkyrie’s BRRR brought in $3.69 million. It’s like a digital treasure hunt, and everyone’s winning! 🏆
No outflows were reported, which is a good sign for the bulls. Trading activity was steady at $2.28 billion, and net assets climbed to a whopping $136.75 billion. It’s like the digital asset version of a snowball rolling downhill—only it’s rolling uphill and getting bigger! 🏔️
Ether ETFs also had a fantastic day, adding $46.63 million in net inflows. Blackrock’s ETHA was the top performer, adding $25.29 million, followed by Grayscale’s Ether Mini Trust and ETHE, with $9.35 million and $7.78 million, respectively. Bitwise’s ETHW closed out the day with $4.87 million in inflows. A small redemption of $652.37k on Fidelity’s FETH was a mere blip on the radar. Total value traded came in at $652.46 million, and net assets surpassed the $11 billion mark, settling at $11.03 billion. 🎉
The steady stream of daily inflows, even if they’re modest, is a clear sign that investors are bullish on the long-term prospects of both bitcoin and ether ETFs. It’s like a digital asset version of the tortoise and the hare—slow and steady wins the race. 🐢
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2025-07-09 20:07