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Bitcoin and Ethereum funds see increased inflows ahead of ETH spot ETF trading
Bitcoin and Ethereum funds see increased inflows ahead of ETH spot ETF trading
According to CoinShares, global Bitcoin funds registered last week net inflows totaled $148 million. In contrast, short Bitcoin products saw outflows of $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 change in investor sentiment for Ethereum, which underwent a 10-week period of outflows totaling $200 million,” CoinShares noted. This renewed interest in Ethereum also had a positive impact on Solana, which saw inflows of $5.8 million amid speculation on potential Solana ETFs and other altcoin products.
While the majority of these inflows come from the United States, significant cryptocurrency investments have also been reported in Canada and Switzerland, where Ethereum maintains strong institutional support alongside Bitcoin.
Experts predict that Ethereum ETFs could debut in July, potentially capturing around 20% of the demand seen by Bitcoin ETFs. “Securing 20% of Bitcoin ETF demand would be a hugely successful launch by typical ETF standards,” Bloomberg ETF analyst Eric Balchunas commented last week.