Bitcoin and Ethereum ETFs See Influx of Investments as Markets Recover

Spot Bitcoin ETFs have seen significant inflows this week, with around $1.24 billion invested as markets recover. On July 19 alone, $384 million flowed in, led by Fidelity with $140 million.

Spot Bitcoin ETFs saw massive inflows this week, with about $1.24 billion in new money entering the funds as markets begin to recover from recent losses.

On July 19, a single day, saw $384 million in net creation, led once again by Fidelity, which saw $140 million in inflows.

The Chicago Board Options Exchange announced that five Ethereum ETFs will launch on July 23, pending final regulatory approval. The funds are from 21Shares, Fidelity, Invesco Galaxy, VanEck and Franklin.

Most issuers are planning to waive or discount fees initially in a bid to attract investors, creating a competitive landscape.

Grayscale also announced plans to spin off a portion of its Bitcoin Trust into a new exchange-traded fund that will trade at a lower price, called the Grayscale Bitcoin Mini Trust.

The strategy will also extend to its Ethereum product, with a new Grayscale Ethereum Mini Trust launching on July 31.

Existing shareholders of ETHE will receive a proportional distribution of shares in the new mini trust, effectively diversifying their investment.

Bloomberg ETF analyst James Seyffart noted that the spinoffs would result in a distribution of value, with $1,000 in ETHE or GBTC translating to $900 in the original fund and $100 in the new mini ETFs.

The move is seen as a strategic effort to enhance market appeal and investor returns by offering more flexible investment options with potentially lower fees.

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