Recent days have shown a significant rise in the cryptocurrency market, particularly driven by substantial inflows into Bitcoin and Ethereum-based ETFs.
Bitcoin ETFs: Record Inflows
On Thursday, Bitcoin and Ethereum ETFs recorded $1.05 billion in inflows, the highest daily amount since January. Specifically, Bitcoin ETFs attracted $934.8 million, largely due to BlackRock's IBIT, which brought in $877.2 million out of the total.
Ethereum ETFs: Strong Performance
Ethereum ETFs also performed strongly, seeing $110.5 million in net inflows for the day, their largest influx since February 4. Notably, Grayscale's ETHE and ETH products attracted $43.7 million and $18.9 million, respectively.
Overall ETF Market Trends
According to data, the total inflow into Bitcoin ETFs over the last seven days reached $3.2 billion. Year-to-date inflows have now hit $9.1 billion, a record since their January launch.
Recent data highlights the growing trend in ETF markets for cryptocurrencies, indicating an increasing investor interest in Bitcoin and Ethereum-related assets.
