📈 ETF Fund Flows – May 16
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🇺🇸 Positive Flows Boost Market Momentum:
In just one day, exchange-traded funds (ETFs) saw massive flows supporting both Bitcoin and Ethereum:
Results:
• Bought 2,510 Bitcoin (BTC)
• Bought 8,710 Ethereum (ETH)
• Net flow into BTC funds: +$260.3 million
• Net flow into ETH funds: +$22.1 million
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What does this mean?
These strong flows indicate increasing institutional interest, which could translate into upcoming bullish momentum in the market, especially with the anticipated ETF decisions regarding Ethereum.
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Do you think ETH funds will achieve the same success as BTC funds soon?
Share your opinion with us!
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