Cryptocurrency market: The focal point of capital inflow into ETFs
Overview of the capital flow in cryptocurrency through ETFs
On June 17, data from Lookonchain shows that capital flow into cryptocurrency ETFs is significantly maintained. In total, 10 Bitcoin ETFs recorded a net inflow of up to 4,052 BTC, worth approximately 427.48 million USD. Among them, BlackRock's iShares ETF stood out with an inflow of 2,454 BTC in one day, equivalent to 258.84 million USD. Currently, their positions in Bitcoin have reached 674,248 BTC, valued at 71.13 billion USD.
Analysis of capital flow movements into Bitcoin ETFs and Ethereum
Capital flow into Bitcoin ETFs
The Bitcoin market continues to record positive growth in ETF activity. The net inflow for the day of iShares Bitcoin ETF reached 2,454 BTC, indicating increasing trust from institutional investors. The fund's total net assets have surpassed 674 thousand BTC, reflecting the stability and long-term development of this investment channel.
Capital flow into Ethereum ETFs
Not only Bitcoin, but Ethereum ETFs also contribute to expanding market share. On the day, ETH ETFs recorded a net inflow of 11,243 ETH, equivalent to 28.79 million USD. Specifically, iShares ETH ETF attracted an additional 6,053 ETH, worth 15.5 million USD. Currently, their positions in the ETH market have reached 1.657 million ETH, valued at 424 million USD, reflecting the growing interest of institutional investors in this new generation cryptocurrency.
The future of ETF capital flow in the cryptocurrency market
Based on updated data, the capital flow particularly into Bitcoin and ETH ETFs may continue to grow. This reflects the increasing confidence of institutional investors in the long-term potential of cryptocurrencies. This market still has many opportunities and challenges, but it is clear that the trend of capital flow is reinforcing the position of ETFs as a dominant investment channel in the global cryptocurrency community.
Source: https://tintucbitcoin.com/tang-manh-dong-tien-etf-bitcoin-va-eth/
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