Bitcoin ETFs saw impressive gains: Bitcoin ETFs in the U.S. Recently witnessed a record-breaking week with inflows totaling 2,730 million USD. Notably, BlackRock’s IBIT ETF contributed a substantial 2,600 million USD to this total. These gains helped propel Bitcoin’s price to an unprecedented 100,350 USD.
Ethereum ETFs rise significantly: Ethereum ETFs experienced significant growth, amassing 1,400 million USD over a fortnight. Noteworthy is last week’s inflow of 836.8 million USD, marking the highest since their inception in July. This surge pushed Ethereum’s price above the 4,000 USD mark, an 8% increase within the week.
Growing interest in crypto ETFs: The upswing in ETF inflows reveals increased investor interest in cryptocurrencies as viable investments. This trend shows a shift toward cryptocurrency ETFs for diversification, suggesting a changing strategy and growing acceptance of digital assets in mainstream investment portfolios.
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