Cryptocurrency ETF Market: Strong Flows Into Bitcoin and Ethereum
On April 29, Bitcoin ETFs recorded inflows of 6,634 BTC, equivalent to about $630 million. BlackRock’s iShares led the way with inflows of 10,249 BTC and total holdings of 598,936 BTC. This is a clear sign of strong institutional interest in cryptocurrencies.
Not only Bitcoin, the 29th also witnessed strong growth in Ethereum ETFs. These funds attracted 41,940 ETH, equivalent to about $76.33 million. iShares continued to assert its position when attracting 37,537 ETH, with a total holding volume of 1,252,768 ETH.
The strong inflows into these ETFs reflect the market’s confidence in cryptocurrencies, especially Bitcoin and Ethereum. The participation of big names like BlackRock further reinforces this belief. However, the information is market information only, not investment advice.
This message emphasizes the importance of monitoring market signals from ETFs to make accurate investment decisions.
Source: https://tintucbitcoin.com/dong-tien-6634-btc-41940-eth-do-ve-etf-hom-nay/
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