Bitcoin’s Downtrend Continues, ETF Inflows Continue to Increase! Here Are the Details
The post Bitcoin’s Downtrend Continues, ETF Inflows Continue to Increase! Here Are the Details appeared on BitcoinEthereumNews.com.
Bitcoin spot exchange-traded funds (ETFs) witnessed a remarkable net inflow of $1.076 billion, highlighting the continued institutional and retail interest in the leading cryptocurrency. Bitcoin Spot ETFs See Record $1.08 Billion Inflows, Ethereum ETFs Lag Behind Best Performers in Bitcoin Spot ETFs BlackRock ETF (IBIT): $376 million Fidelity ETF (FBTC): $326 million These significant inflows underscore the growing investor confidence in Bitcoin-focused ETFs amid a favorable regulatory environment and increasing mainstream adoption of crypto assets. Ethereum Spot ETFs Show Modest Growth While Ethereum spot ETFs raised less capital, they still recorded a notable total net inflow of $23.87 million on the same day. Fidelity ETF (FETH): $13.99 million BlackRock ETF (ETHA): $7.38 million While Ethereum’s performance reflects its status as a critical component of the decentralized finance (DeFi) and Web3 ecosystems, it has lagged behind Bitcoin in attracting investor interest. Capital flows into Bitcoin ETFs have significantly outpaced Ethereum, indicating a clear preference for Bitcoin as the primary digital asset for institutional portfolios. Analysts attribute this trend to Bitcoin’s position as a “digital gold” store of value and its broader appeal to traditional investors. Despite its prominent role in DeFi and smart contracts, Ethereum continues to face competition from emerging blockchain platforms and scalability challenges, which may explain the relatively modest ETF inflows. Strong inflows into both Bitcoin and Ethereum ETFs reflect growing optimism in the cryptocurrency market as a whole, particularly amid an increasingly favorable regulatory environment in the United States and other jurisdictions. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/bitcoins-downtrend-continues-etf-inflows-continue-to-increase-here-are-the-details/
Filed under: News - @ January 21, 2025 1:23 pm