ETF Market Sees $130.10M Inflow Amid Bitcoin Sentiment Shift and Ethereum ETF Delays

Trend:

Over the past seven weeks, ETF flows have displayed significant volatility. This week saw a positive inflow of $130.10M, a notable increase compared to the previous week's $18.30M. This follows a trend of fluctuating inflows and outflows: -$62.20M two weeks ago, -$250.10M three weeks ago, $193.50M four weeks ago, $1.24B five weeks ago, and $1.05B six weeks ago. The current week appears to be a recovery phase after the recent declines, suggesting a potential stabilization in the market.

The broader market situation is influenced by several macroeconomic factors and news events. CoinShares has observed a potential shift in sentiment for Bitcoin despite a consistent streak of weekly outflows from ETFs. Dogwifhat (WIF) surged by 16%, driven by the hype surrounding the Solana ETF. Experts have revised their forecast for the launch of US spot Ethereum ETFs, suggesting a delay beyond the initially expected July 4 target. The introduction of Ether spot ETFs is anticipated to broaden institutional interest in other digital assets, with significant influence on the market's price action. Bloomberg ETF specialist Eric Balchunas has updated his estimated approval date for Ethereum spot ETFs, following recent comments from the U.S. Securities and Exchange Commission (SEC).

Day with the Highest Inflow:

On Tuesday, the ETF market recorded the highest inflow, totaling $81.50M. US Bitcoin ETFs saw significant movements, with IBIT contributing $55.40M and ARKB adding $51.90M. However, there were notable outflows from BITB and GBTC, with -$6.50M and -$12.80M, respectively. Other Bitcoin ETFs such as FBTC, BTCO, EZBC, BRRR, HODL, BTCW, and BTC remained stable with no inflows or outflows.

In the US Ethereum ETF market, ETHA led with an inflow of $26.80M, followed by ETHW with $3.70M. ETHE experienced a significant outflow of -$37.00M. Other Ethereum ETFs, including ETHV, FETH, CETH, QETH, EZET, and ETH, showed no movements.

These movements reflect broader market trends and investor sentiment, influenced by the recent news and macroeconomic factors. The inflows into IBIT and ARKB suggest a growing interest in Bitcoin ETFs, while the outflows from GBTC and ETHE indicate a shift in investor preferences. The stability in other ETFs may suggest a wait-and-see approach among investors, likely influenced by the anticipated launch of Ethereum spot ETFs and the evolving regulatory landscape.

CoinShares has observed a potential shift in sentiment for Bitcoin despite a consistent streak of weekly outflows from ETFs. For more details, visit the full article.

Dogwifhat (WIF) has surged by 16%, driven by the hype surrounding the Solana ETF. The memecoin has entered the breakout stage of its prevailing BARR Bottom pattern. Read more on Cointelegraph.

Experts have revised their forecast for the launch of US spot Ethereum ETFs, suggesting a delay beyond the initially expected July 4 target. For additional information, check out the article on DL News.

According to a report by Canaccord, the introduction of Ether spot ETFs is expected to broaden institutional interest in other digital assets. These ETFs, once launched, are anticipated to have a significant influence on the market's price action. More details are available on CoinDesk.

Bloomberg ETF specialist Eric Balchunas has updated his estimated approval date for Ethereum spot ETFs, following recent comments from the U.S. Securities and Exchange Commission (SEC). For further insights, visit the Daily Hodl.