Bitcoin ETFs draw $608M as Ether ETFs see largest inflow since October
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Bitcoin ETFs draw $517M in largest one-day inflow since early May
Investors have poured more than $1 billion into US spot Bitcoin ETFs this week as BTC neared $72,000 and Ether climbed 19% to about $2,286 on Thursday.
Today, US Bitcoin ETFs saw a net inflow of 4,026 BTC, and Ethereum ETFs saw a net inflow of 11,955 ETH.
According to Lookonchain Odaily, the US Bitcoin ETF saw a net inflow of 4,026 BTC today, compared to a net outflow of 1,661 BTC over the past 7 days; the Ethereum ETF saw a net inflow of 11,955 ETH, compared to a net inflow of 20,570 ETH over the past 7 days.
Bitcoin ETFs add $189M as August net inflows approach $1B
US spot Bitcoin ETFs took in $189 million on Tuesday, lifting August net inflows to $951 million, while Ether ETFs added $71.5 million.
Tether burned 2.5 billion USDT on Ethereum in a single day, the largest single-day destruction since February.
According to Mars Finance, on July 8th, CryptoQuant, citing on-chain data analysis, reported that on July 7th, the Tether Treasury burned $2.5 billion worth of USDT on the Ethereum network, the largest single burn on the network since February this year. This surpasses the $2 billion burn on May 8th and is second only to the historical high of $3.5 billion on February 10th. Simultaneously, the USDT balance flowing in and out of Binance via the Tron network fell to approximately $806 million, the lowest level since December 29th, 2025 ($391 million), falling below the $1 billion mark, indicating a significant contraction in USDT liquidity through the Binance Tron channel. While the large-scale burn by the Tether Treasury primarily reflects redemptions, fund management, or cross-chain rebalancing operations, it is not a direct market signal. However, the simultaneous contraction in Ethereum supply and Binance Tron liquidity warrants continued monitoring to see if the trend of synchronized tightening of liquidity in both stablecoin chains continues.
Data: Today, the US Bitcoin ETF saw a net inflow of 3,774 BTC, and the Ethereum ETF saw a net inflow of 498 ETH.
According to Mars Finance, Lookonchain monitoring shows that the US Bitcoin ETF saw a net inflow of 3,774 BTC today, compared to a net outflow of 10,837 BTC over the past 7 days; the Ethereum ETF saw a net inflow of 498 ETH today, compared to a net inflow of 15,393 ETH over the past 7 days.
Vitalik: Ethereum is preparing for its largest upgrade since The Merge
According to Odaily Odaily, Vitalik Buterin stated that Ethereum is preparing for its largest upgrade since The Merge. (Solid Intel)