Spot Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) ETFs are tipped to start the next phase of the bull cycle soon.
What Happened: Spot Bitcoin ETFs have reported a cumulative total net inflow of $14.65 billion as of July 1, with $129.5 million accumulated on July 1 alone. So far, the Grayscale Bitcoin Trust (OTC:GBTC) has recorded a cumulative net outflow of $18.5 billion, while the iShares Bitcoin Trust (NASDAQ:IBIT) has the cumulative net inflow at $17.7 billion.
Spot Ethereum ETFs could be approved for trading by mid-July, with Gemini Research estimating net inflows of up ...