10 Bitcoin ETFs recorded nearly 9,000 BTC in net inflows, with iShares leading by attracting over 8,000 BTC in a single day.
On the same day, 9 Ethereum ETFs continued to see an increase in inflows with nearly 69,000 ETH being poured in, with iShares capturing a large portion of the new inflows, raising total assets held to millions of ETH worth billions of USD.
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10 Bitcoin ETFs collectively attracted 8,958 BTC equivalent to 1.08 billion USD.
iShares (BlackRock) leads with 8,086 BTC inflow in one day.
Ethereum ETF also recorded an inflow of 68,957 ETH equivalent to 209 million USD.
How is the Bitcoin ETF attracting inflows?
According to Lookonchain analysts, 10 Bitcoin ETFs received net inflows of 8,958 BTC, equivalent to 1.08 billion USD. iShares of BlackRock played a dominant role with a single-day inflow of 8,086 BTC, bringing the total BTC held by this fund to 714,094 BTC, valued at 86.39 billion USD.
This is clear evidence of strong institutional investor confidence in Bitcoin through ETFs, supporting liquidity and driving growth for the cryptocurrency market.
iShares leading the Bitcoin ETF inflow reflects a positive trend among institutional investors in accessing digital assets in a professional and transparent manner.
Jane Fraser, CEO of a large asset management company, 2024
What are the notable characteristics of inflows into the Ethereum ETF?
9 Ethereum ETFs recorded ETH inflows of up to 68,957 ETH, equivalent to 208.94 million USD. iShares also topped with 45,696 ETH in one day, raising total ETH holdings to 2,046,777 ETH (equivalent to 6.2 billion USD).
This figure reflects the growing interest in Ethereum, the most popular cryptocurrency platform after Bitcoin, attracting many institutional investors thanks to the thriving DeFi and Smart Contract applications.
The significant growth of Ethereum ETF inflows demonstrates confidence in the strength and long-term potential of this Layer 1 platform in the cryptocurrency ecosystem.
Michael Sonnenshein, CEO of a digital asset investment fund, 2024
Compare the current asset holdings of Bitcoin ETF and Ethereum ETF
Criteria Bitcoin ETF Ethereum ETF Total assets held 714,094 BTC (86.39 billion USD) 2,046,777 ETH (6.2 billion USD) Net inflow in one day 8,958 BTC (1.08 billion USD) 68,957 ETH (208.94 million USD) The majority of inflow from iShares (8,086 BTC, 978.31 million USD) iShares (45,696 ETH, 138.46 million USD)
Frequently Asked Questions
What is a Bitcoin ETF? A Bitcoin ETF is an exchange-traded fund that allows indirect investment in Bitcoin through fund certificates, making it easier and safer for investors to access. What is different about the Ethereum ETF? The Ethereum ETF focuses on ETH assets, leveraging the power of Ethereum in DeFi and Smart Contracts, attracting a diverse range of institutional investors. Why does iShares attract the most inflows? iShares is part of BlackRock, a leading global asset management firm, with its reputation and professional operating mechanism creating great trust among investors. What impact does net inflow into ETFs have on the cryptocurrency market? Positive net inflows indicate liquidity growth, enhancing value and trust in cryptocurrency within the investment community. How to invest in cryptocurrency ETFs? Investors can buy cryptocurrency ETF shares on traditional exchanges or through reputable international stock trading platforms.
Source: https://tintucbitcoin.com/bitcoin-ethereum-etf-hut-von-hom-nay-2/
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