The post Strong ETF Demand Drives $157 Million Bitcoin Purchases, $65 Million in Ethereum appeared first on Coinpedia Fintech News
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.