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Reading: ETF Activity Continues in Bitcoin and Ethereum! There is an Influx of Investors!
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EdaFace Newsfeed > Latest News > Crypto News > ETF Activity Continues in Bitcoin and Ethereum! There is an Influx of Investors!
Crypto News

ETF Activity Continues in Bitcoin and Ethereum! There is an Influx of Investors!

vitalclick
Last updated: December 17, 2024 10:21 am
5 months ago
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Spot in the US on the last trading day on December 16, 2024 Bitcoin $107,285.9 and Ethereum $4,025.5 Net inflows in ETFs are noteworthy. According to the data, there was a total net inflow of $637 million into spot Bitcoin ETFs. Spot Ethereum Total net inflow in ETFs reached 51.1 million dollars. It was noteworthy that these entries continued uninterruptedly for 13 and 16 days.

BlackRock’s Cryptocurrency ETFs Led InflowsInterest from Institutional Investors is Increasing

BlackRock’s Cryptocurrency ETFs Led Inflows

The world’s largest asset management company BlackRock‘s spot Bitcoin ETF IBITstood out in daily net inflow. On December 16, IBIT generated a single-day net inflow of $418 million. This figure was recorded as the highest value among spot Bitcoin ETFs in the world. According to experts, the intense interest in IBIT shows the trust of institutional investors in Bitcoin.

Bitcoin ETF

A similar picture occurred on the Ethereum side. BlackRock’s spot Ethereum ETF ETHA It achieved the highest net inflow on the same day. There was a net inflow of 30.7 million dollars to ETHA on December 16. A long series of net inflows indicates continued demand for Ethereum.

Ethereum ETF

Interest from Institutional Investors is Increasing

Spot Bitcoin and Ethereum in the USA ETFThis activity in ‘s gives positive signals in the market. Experts state that the constant demand for spot cryptocurrency ETFs may have a major impact on prices. Institutional investors are heavily oriented towards these ETFs. cryptocurrencyIt shows that these are accepted in financial markets.

BlackRock’s leadership in inflows to spot ETFs for both Bitcoin and Ethereum is interpreted as an indicator of confidence in the sector. The ongoing series of net inflows in the last months of the year strengthens the expectation that cryptocurrency ETFs may attract greater interest in the future.

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

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