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Reading: US Cryptocurrency ETFs Shine! Spot Bitcoin and Ethereum ETFs Attract Millions on Last Trading Day of the Week!
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EdaFace Newsfeed > Latest News > Crypto News > US Cryptocurrency ETFs Shine! Spot Bitcoin and Ethereum ETFs Attract Millions on Last Trading Day of the Week!
Crypto News

US Cryptocurrency ETFs Shine! Spot Bitcoin and Ethereum ETFs Attract Millions on Last Trading Day of the Week!

vitalclick
Last updated: September 14, 2024 7:45 am
4 months ago
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Spot Bitcoin $57,974 ETF‘s saw significant inflows on September 13, the last trading day of the week, with a total net inflow of $263.2 million. Spot Ethereum $2,344 There were also inflows to ETFs, albeit lower than Bitcoin ETFs. These inflows to cryptocurrency ETFs in the US provided additional impetus amid rising optimism in the cryptocurrency market.

Spot Bitcoin ETFs See $263.2 Million InflowSpot Ethereum ETFs Also Attract Funding Inflows

Spot Bitcoin ETFs See $263.2 Million Inflow

According to the data, Fidelity FBTC The ETF led the entry race with a net of $102.1 million, making it the best performing fund among its peers. It was closely followed by Ark Invest ARKB The ETF saw a significant inflow with a net inflow of $99.3 million. In third place was Bitwise with a net inflow of $43.1 million. BITB ETF included.

The increase in inflows to ETFs at the beginning of the year U.S. Securities and Exchange Commission It reflects continued confidence in the asset class and interest remains high among investors awaiting potential approval of spot Bitcoin ETFs by the SEC.

Spot Ethereum ETFs Also Attract Funding Inflows

On the other hand Spot Ethereum ETF‘s were smaller than spot Bitcoin ETFs, but they closed the last trading day of the week positive. Spot Ethereum ETF inflows totaled $1.5 million net on September 13. Bitwise ETHW The ETF led the way with net inflows of $5.2 million, showing significant appetite among investors to invest in Ethereum. BlackRock ETHA Its ETF followed with a net inflow of $3.7 million.

This trend in spot Ethereum ETFs is reflected in other markets beyond Bitcoin. cryptocurrencyThe breakout shows continued interest, suggesting that investors are spreading their risk to include other major cryptocurrencies like Ethereum.

These significant inflows into both Bitcoin and Ethereum spot ETFs on the last trading day of the week reflect a growing sentiment that cryptocurrencies are becoming a more integral part of mainstream financial markets. Fidelity And Ark Invest Fund inflows to those affiliated with major players such as indicate that market participants are focusing beyond short-term volatility and are confident in the long-term potential of cryptocurrencies as part of their portfolios.

Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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