🇺🇸 Bitcoin & Ethereum ETFs attract an additional ~$4.5B in just 1 week
📈 Last week, Bitcoin ETFs led with an inflow of approximately ~$2.7B, mainly from BlackRock's iBIT. The total amount of BTC held by ETFs has surpassed 700,000 BTC – equivalent to nearly 3.5% of the circulating supply.
📈 Ethereum is not to be outdone as ETH ETFs also attracted ~$908M, with a single day recording a record inflow of up to ~$726M. The price of ETH quickly approached the $3,500 range – the highest since the beginning of the year.
📌 Institutional cash flow continues to play a leading role in driving trends – reinforcing the narrative of the "institutional supercycle" not only with Bitcoin but also expanding to Ethereum. $BTC $ETH
💭 In summary: With billions of dollars being pushed by ETFs, the market is being directly pumped with blood from Wall Street. This increase is no longer coming from retail – but from real cash flow, decisive and with strategic vision.