The post Spot Bitcoin ETFs Ride Ethereum ETFs Coattails As BlackRock Sees Record Daily Inflows appeared on BitcoinEthereumNews.com.

Spot Bitcoin ETFs are riding high on the success wave of Ethereum ETFs, fueling a surge in crypto investments like the ETFSwap (ETFS) presale, as BlackRock reports record-breaking daily inflows. This exciting trend marks a new era in the cryptocurrency market, drawing unprecedented interest and capital. Spot Bitcoin ETFs Ride Ethereum ETFs’ Success Wave Spot Bitcoin ETFs are currently experiencing a significant boost in popularity, riding on the success wave of Ethereum ETFs. This surge in Spot Bitcoin ETFs has led to record-breaking daily inflows for BlackRock, a leading asset management firm. BlackRock’s iShares Bitcoin Trust (IBIT) has recently achieved a notable milestone, with an inflow of $526 million in a single day, the largest BlackRock recorded since March 2024. This remarkable achievement of BlackRock reflects strong investor interest and demand for Spot Bitcoin ETFs, as IBIT outperformed other similar products and led in accumulated inflows for the year, even surpassing the Nasdaq QQQ index fund. Analysts suggest that this ETF could soon surpass Vanguard’s Total Stock Market ETF in terms of inflow volume, underscoring the growing institutional interest in Bitcoin. Despite a slight decline in Bitcoin’s price, BlackRock’s success with IBIT highlights the potential of cryptocurrency ETFs and their ability to attract substantial capital inflows. ETFSwap (ETFS): The Real Sensation Of The Moment While Spot Bitcoin ETFs are gaining momentum, another player in the crypto space is capturing significant attention: ETFSwap (ETFS). This platform is rapidly becoming the ultimate destination for crypto ETF trading, driven by the approval trend of Spot Ethereum ETFs and the general excitement in the market. ETFSwap (ETFS) has sold over 70 million tokens in just two weeks, attracting over a million new investors. Its advanced crypto technology, built on the secure Ethereum (ETH) Blockchain, and its innovative utilities and features have established it as…

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Filed under: News - @ August 7, 2024 12:12 am