Institutional Demand Is Back: Bitcoin and Ethereum ETF Inflows Reached 10-Month High
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Spot Bitcoin exchange-traded funds drew nearly $2 billion of inflows and spot Ethereum ETFs reached a multi-month peak with about $700 million added in the past five business days. The surge signals renewed institutional demand for crypto ETFs, boosting adoption and fundraising momentum and likely exerting upward pressure on BTC and ETH token performance.
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In a sudden but very impactful change in investor behavior, the spot exchange-traded funds tracking the largest cryptocurrency attracted almost $2 billion in fresh funds in the past five business days alone.
The Ethereum counterparts also set a multi-month peak, gaining nearly $700 million within the same timeframe.
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In This News
Coins
$ 77.04K
-0.22%$ 2.42K
-0.35%Predictions Markets
See what traders are focused on
Share:
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