Ethereum and Bitcoin ETFs Shatter Records Ahead of Bitcoin’s Six-Figure Milestone
On Wednesday, U.S. spot Bitcoin ETFs recorded a significant $556.82 million in new inflows, while Ethereum ETFs saw $167.62 million.
Bitcoin ETFs, led by Blackrock’s IBIT, saw the most inflows, with IBIT alone capturing $571.71 million and holding 513,437 BTC valued at $52.58 billion. Ethereum ETFs, spearheaded by Blackrock’s ETHA, also saw strong interest, adding $124.35 million.
As Bitcoin nears the $100,000 mark, these inflows highlight growing institutional interest in cryptocurrency, with Bitcoin and Ethereum ETFs continuing to expand their reserves.
Clever Robot News Desk 6th December 2024
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