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BlackRock Dominates Bitcoin and Ethereum ETF Market with Record-Breaking Inflows
In a shocking turn of events, BlackRock has taken the reins in the Bitcoin and Ethereum ETF space by storm, securing an unprecedented $860 million influx. This staggering amount is nothing short of remarkable, especially considering the recent trend of investors pulling out from these funds.
According to the latest figures, over the past week alone, there have been net inflows of a massive $5 billion into spot Ethereum ETFs since their July launch. While this is undoubtedly an impressive feat, it’s essential to note that Grayscale Ethereum Trust has experienced net outflows of $3.5 billion, which might slow down ETH’s price appreciation.
Despite these mixed signals, BlackRock’s dominance in the market cannot be overstated. Their Bitcoin and Ethereum ETF performance has been nothing short of exceptional, making them a force to be reckoned with in the world of cryptocurrency investing.
As we continue to follow this unprecedented surge, it will be interesting to see how it affects the overall trajectory of both ETH and BTC prices.
Source: u.today
