The burgeoning market for spot cryptocurrency Exchange-Traded Funds (ETFs) continues to demonstrate robust investor confidence, with both Bitcoin and Ethereum products registering substantial capital inflows. On July 28, these US-based funds collectively attracted over $222 million, signaling a sustained appetite for regulated digital asset exposure within traditional financial frameworks.
- On July 28, US spot Bitcoin and Ethereum ETFs collectively attracted over $222 million in capital.
- The US spot Bitcoin ETF sector recorded a net inflow of $188.72 million, marking its third consecutive day of positive capital flow.
- Fidelity’s FBTC led Bitcoin ETF inflows with an impressive $147.36 million on that day.
- The US spot Ethereum ETF segment saw a net inflow of $65.14 million, extending its positive streak to 17 consecutive days.
- The ETHA product significantly boosted Ethereum ETF inflows with a substantial $131.95 million.
- Hong Kong spot Bitcoin ETFs also registered a notable inflow of 1,490 ETH equivalents.
US Spot Bitcoin ETFs Experience Sustained Growth
Delving into the specifics, the US spot Bitcoin ETF sector recorded a net inflow of $188.72 million for the day, marking its third consecutive day of positive capital flow. Key contributors to this surge included Fidelity’s FBTC, which saw an impressive $147.36 million inflow, BlackRock’s IBIT with $30.88 million, and BTC with $10.98 million. Conversely, two funds experienced notable outflows: ARKB shed $17.45 million, and BITB saw $14.76 million withdrawn. Other products within the segment reported no significant capital movement, according to data compiled by SoSoValue.
Ethereum ETFs Maintain Inflow Momentum
The spot Ethereum ETF segment also extended its positive streak, recording a net inflow of $65.14 million. This marked the 17th consecutive day of capital attraction for the sector, establishing it as the second-longest period of uninterrupted inflows observed to date. While some funds like FETH and ETHE faced modest outflows of $49.23 million and $17.58 million respectively, these were significantly offset by a substantial $131.95 million inflow into the ETHA product, demonstrating a rebalancing of investor preferences and strong underlying demand within the Ethereum ETF ecosystem.
Global Expansion and Broader Market Trends
Beyond the US market, the Hong Kong spot Bitcoin ETFs also registered a notable inflow of 1,490 ETH equivalents, reflecting growing interest in Asia’s regulated digital asset offerings. Products tracking Ethereum in Hong Kong showed no significant capital shifts during this period. These daily inflows contribute to a broader trend, with the preceding week (July 21-25) witnessing over $1.9 billion in net capital accumulation across these spot crypto ETF products, underscoring the increasing mainstream adoption of digital assets through regulated investment vehicles worldwide.
Chris brings over six years of hands-on experience in cryptocurrency, bitcoin, business, and finance journalism. He’s known for clear, accurate reporting and insightful analysis that helps readers stay informed in fast-moving markets. When he’s off the clock, Chris enjoys researching emerging blockchain projects and mentoring new writers.