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

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.

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