Ethereum
Bitcoin and Ethereum Funds See Increase in Flows Ahead of Spot ETH ETF Trading
Bitcoin and Ethereum Funds See Increase in Flows Ahead of Spot ETH ETF Trading
According to CoinShares, global Bitcoin funds registered net inflows totaling $148 million last week. In contrast, short Bitcoin products saw outflows amounting to $3.5 million. Ethereum funds also attracted $33.5 million, marking the second consecutive week of positive inflows following a prolonged period of minimal activity.
“This reflects a change in investor sentiment toward 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 $5.8 million in inflows amid speculation about potential Solana ETFs and other altcoin products.
Although the majority of these flows come from the United States, significant crypto investments have also been reported in Canada and Switzerland, where Ethereum enjoys strong institutional support alongside Bitcoin.
Experts predict that Ethereum ETFs could debut in July, potentially capturing around 20% of the demand seen for Bitcoin ETFs. “Getting 20% of Bitcoin ETF demand would mean an extremely successful launch by typical ETF standards,” Bloomberg ETF analyst Eric Balchunas commented last week.