Bitcoin, Ethereum ETF Inflows Surge Amid Institutional Interest

Lookonchain has revealed significant net inflows into Bitcoin and Ethereum exchange-traded funds (ETFs). The data, which covers July 23, shows a one-day net flow of +1,064 BTC, translating to approximately $69.28 million, and a seven-day net flow of +10,891 BTC, totaling around $709.47 million.

In Ethereum, the figures are even more impressive, with a one-day net flow of +37,753 ETH ($71.88 million) and a seven-day net flow of +84,364 ETH ($160.63 million). This trend suggests strong institutional interest in these cryptocurrencies.

The data from Lookonchain highlights a broader shift towards acceptance of cryptocurrencies in traditional finance, reflecting an evolving landscape for traders.