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Bitcoin and Ethereum ETFs are experiencing unprecedented investment inflows: over one billion dollars in a single day. These massive inflows, unseen since January, coincide with a strong price increase. This strengthens institutional interest in cryptocurrencies!
In Brief
- Bitcoin and Ethereum ETFs record record inflows, signaling strong institutional interest.
- These massive inflows accompany a price increase, reinforcing the bullish momentum of the crypto market.
A Historic Inflow in Bitcoin ETFs Driven by BlackRock
IBIT, BlackRock’s Bitcoin ETF, has just recorded a net inflow record of 530.6 million dollars in a single day. For cryptocurrency experts, this is an unprecedented level since January.
This amount far exceeds the amount of newly mined BTC in the same period. It represents nearly 4,931 BTC purchased by the ETF, compared to only 450 BTC produced.
That’s not all! The total flows of the 11 leading Bitcoin ETFs also reached over 600 million dollars in one day. This signals strong institutional demand! Since early April, Bitcoin ETFs have attracted nearly 6.6 billion dollars. A figure that reflects sustained enthusiasm for this revolutionary digital asset!
Ethereum ETFs Follow the Same Trend with Significant Net Inflows
The Ethereum ETF is also recording significant inflows. In recent days, it has attracted approximately 65 million dollars. This strengthens the altcoin’s progress!
This trend particularly highlights a broader interest beyond Bitcoin, with a rise in products linked to Ethereum. This growth is also accompanied by an increase in the price of Ethereum, which benefits from this capital inflow.
Record Flows of Crypto ETFs: What Are the Implications for the Market?
The strong activity of ETFs comes as Bitcoin reaches a new historic record. The flagship cryptocurrency’s price is flirting with 110,000 $.
Experts thus note a “buying frenzy” fueled by the inflows, comparable to that observed during the January peak. According to them, the momentum could intensify if macroeconomic conditions evolve favorably. They particularly refer to the Fed’s decision regarding interest rates.
Despite this institutional excitement, retail investor interest remains moderate. This could influence future volatility in the crypto market!
The rise of Bitcoin and Ethereum ETFs confirms the growing integration of crypto-assets into institutional portfolios. The current trend paves the way for a new phase of development and recognition for digital assets in traditional financial markets. Story to follow!
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My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
