The news highlights that Bitcoin and Ethereum ETFs have seen significant inflows as more investors choose to trade cryptocurrencies through these regulated investment vehicles. The update reveals that Bitcoin ETFs have received a netflow of 5,572 BTC ($369.85 million), indicating growing trust in Bitcoin among both institutional and retail investors. ARK21Shares, a major player in the industry, has seen inflows of 1,743 BTC ($115.7 million) and currently holds 47,599 BTC ($3.16 billion). Other Bitcoin ETFs, such as iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund, have also experienced increased holdings. In the Ethereum sector, ETFs have seen a netflow of 22,921 ETH ($61.66 million), demonstrating the growing long-term interest in Ethereum for investment and portfolio management. Grayscale Ethereum Mini Trust is a prominent player in this space, with inflows of 10,365 ETH ($27.88 million). The news concludes that the strong interest in cryptocurrency ETFs, particularly Bitcoin and Ethereum, reflects the increasing acceptance and adoption of cryptocurrencies by investors.
- Content Editor ( blockchainreporter.net )
- 2024-09-28
Bitcoin and Ethereum ETFs See Major Gains: ARK21Shares Adds $115.7M, Grayscale Ethereum Trust Adds $27.88M