Crypto ETFs On The Rise: Bitcoin ETF Inflows, Ethereum ETF Trading Taking The Charge

Pooja Khardia
Updated
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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Exchange-traded funds have been the most discussed topic in the market for some time because of new milestones and updates related to the industry. These ETFs are a way to be part of the trading industry without bearing the risk, making it easier for beginners to trade. Now, there are more than 2500 listed ETFs, making it a market of Trillions. More importantly, the adoption is not limited to beginners only, as experienced investors are also moving towards the same. The demand for these exchange-traded funds began with the approval of Spot Bitcoin ETF at the beginning of 2024, moving towards the spot Ethereum ETF and much more. The industry is growing rapidly and making new milestones, impacting the performance of the crypto market, especially of Bitcoin.

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Bitcoin ETF Inflows Reached New ATH

Bitcoin ETF has maintained a steady flow over the last few days, pushing the Bitcoin price from its earlier crash to $54k to the current value of $ 65.8k despite the selling pressure with the Mt. Gox transactions. On analyzing the last 15 days’ reports, the Bitcoin ETF net flows are positive, with a net inflow of $423 Million on July 16, the highest since May.

The cycle of the high inflows has been maintained for eight consecutive days now, indicating high demand among investors. Based on the Spotonchain data, the total net flow has been more than $16B since the launch.

Bitcoin ETF Inflow

Ethereum Exchange Trading Fund Live

The Ethereum ETF was already approved weeks ago, but clearance of trading permission from the SEC was delayed. However, that has changed as the trading will be live from July 23, 2024, per SEC’s announcement.

Update: Nate’s instincts were right, hearing SEC finally gotten back to issuers today, asking them to return FINAL S-1s on Wed (incl fees) and then request effectiveness on Monday after close for a TUESDAY 7/23 LAUNCH. This is provided no unforeseeable last min issues of course! https://t.co/D21FD9Qf94

— Eric Balchunas (@EricBalchunas) July 15, 2024

The more pleasing news is the prediction of an inflow of $5B with the Ethereum ETFs within six months. But that is just a start, as Steno’s research has predicted an inflow of $20 billion in a year. Many believe it will give a tough surpass the popularity of Bitcoin ETF.

The impact will also be visible on Ethereum, and many have claimed the price to surge to $6K. With SEC’s announcement, the ETH price had surged, currently at $3.5K after a 3% hike in the last 24 hours.

Other Emerging Crypto ETFs

Right after the Ethereum Exchange-Traded Fund approval, investors and companies began to push the other crypto ETF’s hype in the market. Companies like VanEck and many others have already filed the S-1 form for the Solana Exchange Traded Fund. The Shiba Inu team has also stated why the Shib ETF will succeed greatly. On the other side, industry leaders are also focusing on Cardano and a few other altcoins.

The approval of Bitcoin ETF has opened the doors for others to do the same, and the impact will also be on the crypto market. It has to see how the crypto market benefits from these.

Continue Reading The Biggest Bitcoin Controversy: Kevin Day’s Mt. Gox Nightmare of $16 Billion

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.