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Strong ETF Demand Drives $157 Million Bitcoin Purchases, $65 Million in Ethereum

Published by
Sohrab Khawas

On July 28, U.S. spot Bitcoin ETFs saw net inflows of $157.1million, with Ethereum ETFs adding $65.2million, signalling strong ongoing demand for both assets. Leading the purchases, BlackRock’s spot Bitcoin ETF acquired 1,230 BTC worth $147.4million, bringing its total holdings to over 739,000 BTC and reinforcing its place as the world’s largest Bitcoin ETF. The new inflows come as institutional and retail investors continue allocating capital to crypto ETFs, despite recent market consolidation.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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