Bitcoin, Ether Alone Draw Spot ETF Inflows as Altcoin Funds Go Nowhere

Bitcoin and Ether were the only two assets to attract fresh money across the U.S.-listed spot cryptocurrency exchange-traded fund market.

Data from SoSoValue for Aug. 7 showed Bitcoin and Ether were the only assets to post daily net inflows in the U.S. spot crypto ETF market. The 13 spot Bitcoin ETFs took in $98.85 million for the day, while the 11 spot Ether ETFs drew $49.6 million.

The same pattern held over the past 30 days. Bitcoin pulled in a total of $896.6 million during that period, while Ether recorded net inflows of $448.06 million. That lifted cumulative net inflows to $52.2 billion for Bitcoin and $11.46 billion for Ether. Spot altcoin ETFs, by contrast, were flat across the board with no net inflows or outflows.

On a cumulative net inflow basis, XRP remained behind Bitcoin and Ether at $1.52 billion, followed by Solana at $1.15 billion. Hyperliquid's HYPE totaled $284.47 million, ahead of Chainlink's LINK at $128.14 million and Hedera's HBAR at $105.31 million.