Spot Bitcoin exchange-traded funds (ETFs) in the United States are experiencing significant inflows ahead of the spot Ethereum ETF launch.

According to data from Farside Investors, spot Bitcoin ETFs recorded $533.6 million in inflows on July 22, marking the highest level since June 4, which saw $886.6 million. This represents the third consecutive week of inflows for these investment products.

Most of these inflows, valued at $526.7 million, were attributed to BlackRock’s iShares Bitcoin Trust (IBIT). With this recent surge, the total inflows into the IBIT ETF are approaching the $19.5 billion mark.

Additional data indicates that the Fidelity Wise Origin Bitcoin Fund (FBTC), Invesco Galaxy Bitcoin ETF (BTCO), and Franklin Bitcoin ETF (EZBC) saw inflows of $23.7 million, $13.7 million, and $7.9 million, respectively.

Despite a general bullish sentiment in the market, the VanEck Bitcoin Trust (HODL) experienced outflows amounting to $38.4 million.

The remaining spot BTC ETFs, including the Grayscale Bitcoin Trust (GBTC), remained neutral. Farside Investors reports that the total assets under management for these investment products currently stand at $17.58 billion.

While spot BTC ETFs have started the week positively, the price of Bitcoin has declined by 1.3% in the past 24 hours. The leading cryptocurrency is trading at $66,650, with a market capitalization of $1.31 trillion at the time of writing.

BTC price – July 23

Notably, spot Ethereum ETFs in the U.S. are also set to begin trading today following approval from the U.S. SEC. The regulator has approved ETF applications from firms such as BlackRock, Fidelity, VanEck, 21Shares, and Bitwise.

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