The post ETF on Ethereum and Bitcoin: record inflows appeared on BitcoinEthereumNews.com.

The US ETFs on Ethereum and Bitcoin record extraordinary inflows, with a daily record of 428.5 million dollars for ether. Investor interest grows in parallel with the recovery of the crypto markets.  Let’s see all the details in this article.  Ethereum ETFs reach new records, Bitcoin does not lag behind  Investments in cryptocurrencies are experiencing a moment of renewed attention, with exchange-traded funds (ETF) on ether (ETH) and bitcoin (BTC) recording unprecedented inflows.  This growth reflects both the recovery of the markets and the interest of investors in more regulated and accessible financial instruments. Last Thursday, the US spot ETFs on ether set an all-time record of inflows, with as much as 428.5 million dollars pouring into these instruments.  Dominating the scene was BlackRock’s ETHA ETF, which alone attracted 292.7 million dollars, a result that represents the all-time high for this fund.  Overall, in the last five days, the ETFs on ether have accumulated about 800 million dollars in new net investments, according to the data provided by Farside Investors. These extraordinary results come at a time when ether has gained about 60% of its value in just one month, bringing the price of the second criptovaluta by market capitalization to about 3,900 dollars. In any case, the ETHA by BlackRock is not the only protagonist of this rally. The BlackRock iShares Bitcoin Trust (IBIT) is setting new standards for bitcoin ETFs. With 770.5 million dollars in net inflows over five days, the IBIT continues to break records.  It recently surpassed 50 billion dollars in assets under management and, according to Bloomberg analyst Eric Balchunas, it has attracted more money this year than all but two of the over 2,800 ETFs launched in the last decade. This milestone is not only impressive, but indicates a growing confidence of institutional investors…

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Filed under: News - @ December 6, 2024 4:27 pm