#USStablecoinBill

Market Movements and Investor Interest

Last week, there was a significant trend in the cryptocurrency space as Bitcoin spot exchange-traded funds attracted $1.81 billion in net inflows, while Ethereum spot exchange-traded funds saw $106 million. This flow came after an increase in April, reflecting a strengthening market.

Key players leading the Bitcoin exchange-traded fund market include BlackRock's IBIT, which recently reported $2.48 billion in net inflows. In contrast, various entities such as Grayscale and Fidelity are notable in the Ethereum exchange-traded fund market.

"The approval of Bitcoin as a treasury asset by public companies provided additional support for its price." - Michael Saylor, CEO of MicroStrategy