The Inflow into Bitcoin and Ethereum ETFs Increased Sharply
According to the latest report on June 26 from Lookonchain, a total of 10 Bitcoin ETFs recorded a net inflow reaching 5,236 BTC, equivalent to approximately 561 million USD. Among them, iShares (BlackRock) was the main factor, accounting for up to 3,158 BTC, equivalent to about 338 million USD in a trading day. This fund is currently managing a total of 692,877 BTC, estimated to be worth up to 74.26 billion USD.
The Impact of Inflows into Bitcoin ETFs
The significant increase in capital inflows into Bitcoin ETFs not only reflects great confidence in BTC's growth potential but also shows the increasing acceptance of institutions towards this cryptocurrency asset as a portfolio diversification tool, and even as a hedge against inflation in the context of a volatile global economy.
Inflows into Ethereum ETFs Also Recorded a Record Level
Not only Bitcoin, but also 9 Ethereum ETFs saw significant inflows with a net purchase of 13,642 ETH, equivalent to 33.2 million USD in one day. The inflow from iShares was even larger, with 22,698 ETH, equivalent to nearly 55.25 million USD. As of now, this fund is holding 1,743,756 ETH, valued at nearly 4.24 billion USD.
The Ethereum Market and Institutional Inflows
The abundant capital inflow into Ethereum ETFs indicates a growing interest in this highly applicable cryptocurrency network, especially in the DeFi and NFT sectors. The integration of Ethereum into traditional financial products through ETFs has opened a larger capital access channel, facilitating more sustainable development of the ecosystem.
Conclusion
The positive trend in capital inflows into Bitcoin and Ethereum ETFs signals a new growth phase for the cryptocurrency market under the leadership of large financial institutions. Individual investors may consider capitalizing on opportunities from this capital shift in asset diversification strategies. Thorough analysis and appropriate monitoring will help effectively harness potential in the new era of cryptocurrency investment.
Source: https://tintucbitcoin.com/bitcoin-va-ethereum-etf-hut-von-hom-nay/
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