Spot Bitcoin exchange-traded funds (ETFs) in the US reported a net inflow of $21.52 million on Wednesday, continuing the positive trend that began on Tuesday.

According to data obtained from SoSoValue, the largest net inflows of the day were seen from Fidelity's FBTC, with a value of 19 million dollars. Grayscale's GBTC reported a net inflow of 4 million dollars, the first positive flow since June 5. VanEck also reported an inflow of 3 million dollars on Wednesday.

By the way, Ark Invest and 21Shares' ARKB recorded the only net outflow of $5 million of the day. BlackRock, Bitwise, Valkyrie, and others saw zero flow in the remaining funds.

Since their first launch in January, Spot Bitcoin ETFs have attracted a total of $14.44 billion in net inflows.

Eyes on Ether after Bitcoin ETFs

Reuters reported on Wednesday, citing anonymous sources, that the US Securities and Exchange Commission (SEC) could approve spot Ethereum ETFs next Thursday or July 4th. Bloomberg ETF analyst Eric Balchunas had previously predicted July 2nd as a possible start date.

SEC Chairman Gary Gensler said the process of spot Ether ETFs is progressing smoothly. The regulatory agency granted preliminary approval for spot Ether ETFs last month and is currently reviewing issuers' registration statements.

We have seen a strong increase in BTC with the approaching approval of Spot Bitcoin ETFs. It has become a matter of curiosity whether the same effect can be observed in Ether. Altcoins, which have recently experienced a significant decline, may gain momentum with the spot ETH ETF agenda.

This article does not contain investment advice or recommendation. Every investment and trading transaction carries risk, and readers should conduct their own research when making decisions.