Bitcoin ETF Sees Record Inflows as Ethereum Follows Suit
The spot Bitcoin ETF has attracted $102 million in net inflows on August 7, while its Ethereum counterpart pulled in about $50 million. Solana and XRP ETFs, however, recorded exactly zero net change.
This marks a notable trend as weekly inflows into spot Bitcoin ETFs crossed the $750 million mark, indicating sustained capital allocation that tends to precede more bullish phases in the market.
The influx is spread across products from major issuers like BlackRock, Fidelity, ARK 21Shares, and Grayscale, which have established themselves as primary on-ramps for investors seeking Bitcoin and Ethereum exposure without holding the assets directly.
Solana and XRP ETFs posted flat flows on August 7, suggesting these newer products haven't yet reached critical mass to generate consistent daily movement.