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Record Investments in Bitcoin and Ethereum ETFs by BlackRock

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by A1

3 hours ago

As recently revealed, investments in cryptocurrency ETFs by BlackRock have totaled $860 million in the last 24 hours.

Record Investment in Bitcoin ETF

According to Bloomberg, the largest part of the investment — $733.6 million — was made into Bitcoin ETF named IBIT by BlackRock.

Investment in Ethereum ETF

The Ethereum ETF, known as ETHA by BlackRock, attracted $132.3 million in the same period.

Just this inflow alone would place IBIT in the top 20 ETF launches for the year. Out of 700 new ETFs.Nate Geraci

Overall Cryptocurrency Market Situation

Bitcoin continues to show strong growth, while Ethereum faces high price volatility. Nevertheless, the overall market trend remains positive for Bitcoin, while altcoins experience pressure.

Investments in cryptocurrency ETFs by BlackRock have shown strong growth, reflecting current market trends. However, Ethereum faces certain challenges, such as outflows from Grayscale Ethereum Trust.

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