Source: CryptoNewsNet
Original Title: Bitcoin and ether ETFs log their best week since October
Original Link:
Institutional investors are making a strong comeback in the crypto market.
U.S.-listed exchange-traded funds (ETFs) investing in bitcoin and ether pulled in billions last week, marking their best week in three months.
The 11 spot bitcoin ETFs registered a net inflow of $1.42 billion last week, the largest tally since the second week of October according to data source TradingView. BlackRock’s spot ETF, IBIT, alone saw inflows worth $1.03 billion.
This positive momentum extended to ether as well. Ether spot ETFs experienced significant demand, attracting $479 million in inflows, their highest weekly total since early October. BlackRock’s fund, ETHA, secured a notable portion of this, bringing in $219 million.
On a year-to-date basis, bitcoin and ether ETFs have accumulated $1.21 billion and $584.9 million in inflows, respectively.
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Bitcoin and Ether ETFs Log Their Best Week Since October
Source: CryptoNewsNet Original Title: Bitcoin and ether ETFs log their best week since October Original Link: Institutional investors are making a strong comeback in the crypto market.
U.S.-listed exchange-traded funds (ETFs) investing in bitcoin and ether pulled in billions last week, marking their best week in three months.
The 11 spot bitcoin ETFs registered a net inflow of $1.42 billion last week, the largest tally since the second week of October according to data source TradingView. BlackRock’s spot ETF, IBIT, alone saw inflows worth $1.03 billion.
This positive momentum extended to ether as well. Ether spot ETFs experienced significant demand, attracting $479 million in inflows, their highest weekly total since early October. BlackRock’s fund, ETHA, secured a notable portion of this, bringing in $219 million.
On a year-to-date basis, bitcoin and ether ETFs have accumulated $1.21 billion and $584.9 million in inflows, respectively.