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Bitcoin ETFs See $2.9 Billion Inflows as Institutional Interest Intensifies
In a significant turn of events for the cryptocurrency market, the exchange-traded funds (ETFs) that are based on spot Bitcoin and listed in the United States saw their inflows last week surge significantly, netting an addition of 31,323 BTC—roughly valued at $2.9 billion. This uptick in inflow can now be recorded as the fifth-largest in terms of Bitcoin volume on an ETF.
However, what’s more intriguing is that this surge in inflow was even more impressive when observed in dollar terms—this addition barely missed being the largest on record, following only the $3.33 billion from November 18 and $2.94 billion from October 7.
It’s essential to note that institutional investors have not demonstrated the same overwhelming interest in Ethereum as they have in Bitcoin. Nonetheless, this slight rebound could signal a turning point in investor sentiment toward Ethereum and its role in institutional portfolios.
Source: https://nulltx.com/bitcoin-etfs-see-2-9-billion-inflows-as-institutional-interest-intensifies/
