Institutional Confidence Returns as Bitcoin and Ethereum ETFs Attract a Combined $663 Million Inflow

• Spot Bitcoin ETFs attracted a $219 million net inflow, with none of the twelve products seeing an outflow
• Spot Ethereum ETFs pulled in a massive $444 million, led by a $315M inflow into BlackRock’s ETHA fund
• The return of institutional capital sparked an immediate price rebound in both Bitcoin and Ethereum markets

Spot crypto ETFs experienced a significant turnaround on Monday, with nearly all Bitcoin and Ethereum ETF products experiencing notable inflows. 

Monday’s performance marks a sharp reversal from a week-long trend that saw massive capital exit the sector, putting heavy pressure on the cryptocurrency market. 

Which Bitcoin ETFs Led the $219 Million Reversal?

Monday’s reversal saw a $219 million inflow into Bitcoin ETFs, a rare occasion when none of the 12 spot ETF products experienced net outflows over the same period. 

According to data from Soso Value, an ETF aggregating and researc…

The post Institutional Confidence Returns as Bitcoin and Ethereum ETFs Attract a Combined $663 Million Inflow appeared first on Coin Edition.