Bitcoin and Ethereum ETFs draw $239 million combined

Institutional investor interest in crypto ETFs remains undiminished. On 14 July, approximately $239 million flowed into spot Bitcoin and Ethereum ETFs, once again demonstrating that market demand is robust. Bitcoin is currently trading at $64.700, up 3.1% in the last 24 hours.

Bitcoin is available at OKX and Bybit.

Bitcoin ETFs See $181 Million Inflow in One Day

According to data from SoSoValue, spot Bitcoin ETFs recorded a net inflow of $181 million on 14 July. That is a substantial amount of money flowing into these funds in a single day, indicating sustained confidence from larger investors in Bitcoin as an investment product.

The Bitcoin price is also benefiting from this positive sentiment. Blockchainstories previously reported how the Bitcoin price held above $62.000 despite geopolitical turmoil. The current inflow into ETFs indicates that investors are still entering at this level.

Ethereum ETFs Also Perform Strongly, No Outflows

Alongside Bitcoin, the Ethereum ETFs are also performing notably well. Of the ten available spot Ethereum ETFs, none recorded a net outflow on 14 July. Together, they raised $58.3 million, a result that shows how broad the interest in Ethereum as an ETF product is.

The Ethereum price is also moving positively, partly fuelled by this kind of institutional inflow. Earlier, the Ethereum price jumped 5.6% after better-than-expected inflation figures. Now that ETF flows are also picking up, many investors are watching with interest to see what happens to the price in the coming weeks.

The combined inflow of nearly $240 million in one day indicates that both Bitcoin and Ethereum remain firmly on the radar of institutional players. Whether this is the catalyst for a broader upward movement remains to be seen, but the numbers speak for themselves for now.