Capital Inflow into Bitcoin ETFs
Amidst a stagnant cryptocurrency market, Bitcoin ETFs have seen a strong recovery, with a total of 12 funds attracting $254.82 million in new capital as of November 18. BlackRock leads with its IBIT fund drawing $89.33 million. Fidelity and Grayscale also contributed to this positive trend with figures of $59.95 million and $54.39 million, respectively.
Contrasting with Ethereum ETFs
Conversely, Ethereum ETFs were unfortunate, recording an outflow of $39.08 million on the same day, with BlackRock’s ETHA fund being the main contributor to this outflow. Meanwhile, Bitcoin is currently priced at $91,533 and Ethereum at $3,133, with both cryptocurrencies showing a slight upward trend over the past 24 hours.
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