Crypto ETFs on Fire: Bitcoin & Ethereum Rake in $298.5M Single-Day Inflows

Wall Street's latest love affair with crypto just got hotter. Bitcoin and Ethereum ETFs pulled in a staggering $298.5 million on July 29—proving once again that institutional money can't resist digital gold.

The big guns are loading up. While traditional finance analysts were busy downgrading bank stocks, smart money was quietly piling into crypto's most liquid ETFs. No paperwork, no vaults—just pure digital asset exposure with a click.

Funny how the same suits who called crypto a 'fraud' five years ago are now scrambling for ETF allocations. Maybe they finally read the whitepapers—or maybe they just follow the money.

On July 29, spot Bitcoin ETFs recorded inflows of $79.9 million, while Ethereum ETFs saw significant investments totaling $218.6 million. BlackRock’s spot ETFs were among the top buyers, acquiring 1,340 BTC and 59,309 ETH on the same day. These substantial inflows highlight continued strong institutional demand for both Bitcoin and Ethereum, supporting market liquidity and investor confidence amid ongoing crypto market developments.