Bitcoin and Ethereum exchange-traded funds (ETFs) saw a big increase in investor interest recently, making it a historic week for both assets. Spot Bitcoin ETFs in the United States saw inflows of $2.73 billion, with BlackRock’s IBIT ETF bringing in more than $2.6 billion by itself.
Earlier in the week, there was a short time when Bitcoin ETFs had outflows, with withdrawals amounting to $558.3 million. Now, there has been an influx. However, the situation changed quickly, with large amounts of money coming in each day from Monday to Friday, leading to Bitcoin’s price reaching a record high of $100,350.
Ethereum ETFs saw a significant change, bringing in $1.4 billion in the last two weeks. Last week alone, they attracted $836.8 million, the most since they started in July. Thursday stood out, with $428.5 million coming in, as Ethereum’s price went over $4,000 for the first time since March, showing an 8% rise from the week before.
These trends highlight the increasing popularity of cryptocurrency ETFs as good investment choices, especially for people wanting to diversify beyond regular assets.
With Bitcoin and Ethereum prices going up, these funds are becoming important tools for investors who want to get involved in the changing cryptocurrency market. This shows a change in investment strategies and a growing acceptance of digital assets.
