Trends in capital flow into Bitcoin ETF and Ethereum funds today
Breakthrough growth in cryptocurrency investment through ETFs
On June 18th, tracking data from Lookonchain recorded a surge in capital flow into Bitcoin ETFs, with a total of 10 funds reporting a net capital amount of 1,957 BTC, worth approximately 205.89 million USD. Notably, iShares (BlackRock) attracted attention by receiving 6,088 BTC on that day, valued at 640.69 million USD. The total holdings of this fund now reach 680,337 BTC, worth over 71.59 billion USD, reflecting strong confidence from institutional investors.
The flow of capital into Ethereum ETFs is occurring positively
At the same time, 9 Ethereum ETFs also demonstrated significant growth, with a net inflow of 7,430 ETH, worth 18.82 million USD. BlackRock's ETF continues to lead, reporting an inflow of 14,528 ETH on the day, valued at 36.8 million USD. The total ETH currently held by this fund amounts to 1,671,728 ETH, equivalent to 423 million USD. This indicates the growing interest of investors in cryptocurrency assets based on the Ethereum blockchain.
Analyzing investment trends and market predictions
These figures reflect that the inflow of capital into Bitcoin ETFs and Ethereum remains positive, showing an increase in confidence within the community of institutional and individual investors. Many experts predict that the expansion of these ETF funds will contribute to boosting the value of cryptocurrencies in the long term. Investors should closely monitor these activities to determine the right timing for trading strategies and long-term accumulation.
Source: https://tintucbitcoin.com/etf-bitcoin-hut-196k-btc-eth-tang-743k/
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