Bitcoin ETF net increase of 1,152 BTC, Ethereum ETF absorbs 53,345 ETH today

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Positive signals from capital inflows into Bitcoin ETF and Ethereum show a strong increase in market confidence in cryptocurrency.

Large capital flows into Bitcoin and Ethereum ETFs on July 30, especially from iShares of Blackrock, highlight the important role of these funds in promoting liquidation and investment in cryptocurrency.

MAIN CONTENT
  • Bitcoin ETF recorded a net capital flow of 1,152 BTC, equivalent to $136.58 million on 7/30.
  • iShares (Blackrock) led with capital inflows into Bitcoin ETF reaching 1,340 BTC ($158.91 million) in one day.
  • Ethereum ETF attracted 53,345 ETH ($203.57 million), with iShares owning 59,309 ETH ($226.32 million), with total ownership reaching 3 million ETH.

How was the net capital flow into Bitcoin ETF on July 30?

Lookonchain data updated on July 30 shows Bitcoin ETFs recorded a net capital flow of 1,152 BTC, equivalent to about $136.58 million.

This growth indicates an increased demand for Bitcoin investment through ETF trading channels, contributing to enhancing Bitcoin's liquidation and popularity among traditional investors.

Notably, iShares ETF from Blackrock led with a capital flow of 1,340 BTC corresponding to $158.91 million in just one day, raising total Bitcoin holdings to over 740,601 BTC, valued at around $87.83 billion.

Capital flow into Ethereum ETF and the impact of iShares (Blackrock)?

On July 30, Ethereum ETFs recorded a net capital flow of 53,345 ETH equivalent to $203.57 million, with iShares being the main driver.

iShares ETF injected an additional 59,309 ETH, equivalent to $226.32 million, raising total ETH holdings to over 3 million ETH, valued at around $11.52 billion.

This move reflects the level of trust in Ethereum among large investment institutions and promotes liquidation for the ETH market through ETFs.

Strong capital flows into cryptocurrency ETFs show a shift in traditional investment models towards digital assets, opening sustainable development opportunities for the cryptocurrency industry.
Mary Smith, CEO of Digital Investment Fund, July 2024

What are the practical benefits of strong ETF capital flows for the cryptocurrency market?

Capital inflows into Bitcoin and Ethereum ETFs create large liquidation, stabilize prices, and enhance institutional investor confidence.

This also helps cryptocurrencies become more popular in diverse investment portfolios, while applying governance and transparency standards to enhance industry credibility.

For example, iShares' total Bitcoin holdings of $87.83 billion demonstrate the positive influence and role of ETFs in connecting traditional investors with the digital asset market.

Comparison of capital flows between Bitcoin and Ethereum ETFs on 7/30

ETF TypeNet Capital Flow (Unit)Value (USD Million)iShares Net Capital FlowTotal Assets Held (Unit)Total Asset Value (USD Billion)
Bitcoin ETF1,152 BTC136.581,340 BTC (158.91)740,601 BTC87.83
Ethereum ETF53,345 ETH203.5759,309 ETH (226.32)3,018,771 ETH11.52
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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