Bitcoin ETFs Rebound as Institutions Return to Crypto Market

US-listed cryptocurrency exchange-traded funds (ETFs) continued to deliver mixed sessions on July 29, with spot Bitcoin ETFs rebounding and spot Ethereum ETFs posting net inflows at a slower pace.

The combined $89.8 million in net inflows for spot Bitcoin ETFs reversed the previous session's weakness as institutional investors selectively added exposure before the Federal Reserve's policy announcement.

According to Farside Investors, BlackRock's iShares Bitcoin Trust (IBIT) led the session, with the broader category finishing firmly in positive territory.

Spot Ethereum ETFs also remained in positive territory, recording approximately $9.4 million in net inflows, marking the second consecutive day of gains at a more modest pace.