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BitcoinSistemi 2024-12-19 07:07:06

Spot Exchange Traded Funds (ETFs) Continue Positive Streak as Bitcoin Falls! Here Are the Details

Bitcoin spot exchange-traded funds (ETFs) recorded a total net inflow of $275 million, marking 15 consecutive days of positive inflows. Net Inflows Continue to Hit Bitcoin and Ethereum Spot ETFs Led by BlackRock Funds Among these, BlackRock’s Bitcoin ETF IBIT led the charge with an impressive net inflow of $360 million in a single day, reflecting growing investor confidence in Bitcoin’s long-term potential. Ethereum spot ETFs also reported steady demand on the same day, with a total net inflow of $2.45 million. This marks the 18th consecutive day of net inflows for Ethereum ETFs and highlights continued interest in the asset. BlackRock’s Ethereum ETF ETHA accounted for a significant portion of the inflows, attracting $81.91 million in net investment on Dec. 18. Steady inflows into Bitcoin and Ethereum ETFs underscore growing institutional and retail interest in cryptocurrencies, particularly through regulated financial products. BlackRock’s dominance in the ETF market reflects its strong position in bridging traditional finance and digital assets. The sustained net inflows point to growing optimism in the broader cryptocurrency market as investors diversify their portfolios with exposure to leading digital assets via spot ETFs. *This is not investment advice. Continue Reading: Spot Exchange Traded Funds (ETFs) Continue Positive Streak as Bitcoin Falls! Here Are the Details