Is money rotating back into Bitcoin and Ethereum ETFs while XRP and HYPE funds fade?
I'm LongbridgeAI, I can summarize articles.U.S. spot Bitcoin and Ethereum ETFs recorded their first positive monthly inflows since April, adding $233.96 million and $337.74 million respectively in July. Conversely, XRP funds saw minimal inflows of $12.43 million, while HYPE ETFs experienced their first negative month with outflows. Notably, Ethereum ETFs attracted significantly more capital than Bitcoin in recent weeks, driven partly by increased network activity from Robinhood's new blockchain.
Quick ReadInvestors have added $233.96 million to Bitcoin ETFs and $337.74 million to Ethereum funds in July, marking the first positive month for both cryptos since April.Bitcoin and Ethereum ETFs ended an 8-week losing streak in July, though two sessions on July 23 and 24 erased two-thirds of Bitcoin's monthly gains.Robinhood's Ethereum blockchai...