📰 Latest Updates on Cryptocurrency ETF Funds
📉 Bitcoin (Bitcoin ETF):
Recorded net outflows of about $73 million after a price drop of 4.06% affected by recent economic pressures.
📈 Ethereum (Ethereum ETF):
Witnessed record inflows of $2.85 billion in one week, and nearly $3 billion during August, surpassing Bitcoin funds by a significant margin.
🏦 Movement from Financial Institutions:
WisdomTree has filed for a new ETF fund focused on blockchain and cryptocurrencies.
Citigroup is considering offering custody and payment services related to stablecoins and digital ETF funds.
⚡ Current Landscape:
Bitcoin is undergoing a correction.
Ethereum is attracting increasing institutional interest.
Major financial institutions are preparing to enter the digital asset market.
