Bitcoin and Ethereum ETFs Just Scored a $1B Day

[Ethan_Crypto]

Crypto ETFs are booming. Thursday alone saw over $1 billion in inflows.

BlackRock’s IBIT led the charge with $877M, marking its third highest daily intake ever.

Bitcoin hit $111K, riding ETF hype and macro tailwinds, while Ethereum ETFs pulled in $110M.

ETHA and FETH saw the most ETH action. Grayscale’s ETHE still struggles with outflows.

Analysts say ETF demand is tightly linked to price and both BTC and ETH have soared lately.

Momentum is hot and tradfi seems all in on crypto’s next bull run.

[Sanitough]

Analysts say ETF demand is tightly linked to price and both BTC and ETH have soared lately.

That’s why it’s all over the news, and it’s clearly one of the big reasons this bullish period came back. We just hit a new all-time high, and that alone is a big deal because it can trigger a full-on bull market.

And you know what? This kind of momentum only boosts investor confidence even more. It encourages people to put their money into ETFs and let institutional investors manage it for them.