Recent data shows significant inflows into Bitcoin and Ethereum ETFs, indicating growing investor interest. Specifically, over four days, these financial instruments attracted more than $1.7 billion.
Leaders in ETF Inflows
According to SoSoValue, BlackRock’s iShares Bitcoin Trust leads the list with an inflow of $366.2 million. Following it are Fidelity’s funds with $134.7 million and Bitwise with $40.43 million. Other companies like VanEck, Invesco, and Franklin Templeton also reported inflows.
Situation with Ethereum ETFs
In August, Bitcoin ETFs faced an outflow of $751 million, marking it as one of the worst months since January. In contrast, Ethereum ETFs saw a sharp increase with $3.87 billion, marking their second-best performance. Despite negative flows in early September, Ethereum ETFs rebounded with inflows of $113.12 million on Thursday.
General Trends in the Cryptocurrency Market
Against the backdrop of positive ETF trends, the cryptocurrency market also reacted with growth: Bitcoin increased by 1.04% to $115,455, while Ethereum rose by 2.87% to $4,553, contributing to a 1.81% increase in overall market capitalization.
Recent data on inflows into Bitcoin and Ethereum ETFs highlight the growing interest of investors in cryptocurrencies, anticipating further changes in the financial market.
