#USStablecoinBill

Market Movements and Investor Interest

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

Key players driving the Bitcoin exchange-traded fund market include IBIT from BlackRock, 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 acceptance of Bitcoin as a treasury asset by public companies provided additional support for its price." - Michael Saylor, CEO of MicroStrategy