Bitcoin and Ethereum exchange-traded funds (ETFs) continued their impressive run, marking their 11th and 15th consecutive days of inflows, respectively. This surge in investor interest injected a combined $871.2 million into the US ETF market.
Leading the charge was BlackRock’s Bitcoin ETF, “IBIT,” which witnessed a massive inflow of $431.6 million. Closely following was Grayscale’s “BTC” with $110.8 million, further solidifying the growing appetite for Bitcoin exposure through ETFs.
In the Ethereum space, BlackRock’s “ETHA” emerged as the top performer with $202.3 million in inflows. Grayscale’s “ETH” also recorded substantial gains, attracting $73.2 million.
This consistent inflow streak highlights the increasing confidence of institutional investors in the cryptocurrency market. The approval of several Bitcoin and Ethereum ETFs in the US has significantly broadened access for traditional investors, contributing to this surge in demand.
December 2024, Cryptoniteuae
