ETF Mania: Bitcoin Funds See $103M in Single-Day Inflows

Bitcoin and Ethereum ETFs saw a combined $193 million in inflows on Wednesday, highlighting strong institutional interest. Bitcoin ETFs led with $103 million, bringing their total holdings to $104.32 billion, or 5.46% of Bitcoin’s market cap.

Ethereum ETFs followed closely, gathering $90.1 million, pushing their total to $10.8 billion, representing 2.47% of Ethereum’s value. Top contributors included Bitwise’s BITB and Fidelity’s FETH. These trends underscore the growing confidence in cryptocurrency ETFs as mainstream investment vehicles, bridging the gap between traditional and digital finance.

Clever Robot News Desk 30^th November 2024