Bitcoin and Ether: ETFs Capture $600 Million, and Counting

in cryptocurrency •  12 days ago 

While some investors watch closely for signs of a drop, Bitcoin and Ether-backed ETFs keep showing strong gains. In just one day, these funds attracted nearly $600 million, highlighting ongoing interest from big institutions.

This steady flow of capital shows that many are beginning to see cryptocurrencies as an important part of traditional portfolios.

In summary, Bitcoin ETFs gained $403 million in a single day, led by BlackRock. Ether ETFs attracted $192 million and set a record with $1.62 billion traded. Interest from large investors in cryptocurrencies continues to grow, cementing their role in regular finance.

The Bitcoin ETF market keeps growing fast. For nine days in a row, these funds backed by Bitcoin received at least $403 million each day. This strong trend is due to renewed confidence from big investors. BlackRock’s IBIT alone pulled in $416.35 million, showing its power in the market.

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Other smaller firms like VanEck, Grayscale, Bitwise, and Franklin also saw good inflows. But not all are doing well—Grayscale lost $41.22 million, and Fidelity withdrew $22.93 million. Still, the overall picture is very positive. Daily trading volume hit $6.7 billion, and total assets grew to nearly $150 billion. This is a steady, strong buying trend.

Ethereum is also making big moves. ETFs that track Ether saw inflows for eight days running, adding $192.33 million. Though the amounts are less than Bitcoin’s, the trend is just as strong. BlackRock led with $171.52 million for its ETHA ETF. Fidelity added $12.22 million and Grayscale contributed $8.59 million with its Ether Mini Trust. The big news is that trading volume hit a record of $1.62 billion—something never seen before for Ether ETFs.

This surge shows growing excitement around Ethereum. Many expect it to become a more stable and valuable asset after upgrades like staking and new deflation rules. Total assets invested in Ether now top $14.22 billion. That’s a new milestone for the second-largest cryptocurrency.

This rise in Bitcoin and Ether ETFs isn't just a passing trend. It marks a change in how big investors see cryptocurrencies. Heavyweights like BlackRock and Fidelity are showing that these assets are now part of regular investment plans.

The constant flow of new money confirms this shift. It’s not just a one-time boost but a steady increase. That’s more important than quick jumps. It means demand is strong and growing. BlackRock alone now manages nearly $12.5 trillion in assets.


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