Currencies34600
Market Cap$ 4.07T-0.93%
24h Spot Volume$ 98.63B+0.51%
DominanceBTC54.17%-0.59%ETH13.48%+0.26%
ETH Gas1.05 Gwei
Cryptorank

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


by Ikemefula Aruogu
for CoinEdition
A $663M inflow into Bitcoin and ETH ETFs signals a return of confidence, reversing recent outflows.
  • 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.

Read the article at CoinEdition

Read More

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Canary’s ETF News Fails to Break TRUMP Coin Past $8.45 Resistance

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Boyaa Interactive Buys 290 Bitcoin for $33.9 Million, Boosts Holdings to 3,670 BTC

Boyaa Interactive Buys 290 Bitcoin for $33.9 Million, Boosts Holdings to 3,670 BTC

Boyaa Interactive International Limited has purchased 290 Bitcoin for approximately H...

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


by Ikemefula Aruogu
for CoinEdition
A $663M inflow into Bitcoin and ETH ETFs signals a return of confidence, reversing recent outflows.
  • 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.

Read the article at CoinEdition

Read More

Canary’s ETF News Fails to Break TRUMP Coin Past $8.45 Resistance

Canary’s ETF News Fails to Break TRUMP Coin Past $8.45 Resistance

Canary Capital has taken a bold step into the controversial world of political meme c...
Boyaa Interactive Buys 290 Bitcoin for $33.9 Million, Boosts Holdings to 3,670 BTC

Boyaa Interactive Buys 290 Bitcoin for $33.9 Million, Boosts Holdings to 3,670 BTC

Boyaa Interactive International Limited has purchased 290 Bitcoin for approximately H...