Bitcoin and Ethereum ETFs See Massive Inflows, Sparking Major Price Surge

• Bitcoin and Ethereum ETFs see massive inflows, driving price growth.
• Institutional investments surge, pushing Bitcoin and Ethereum prices higher.
• ETFs attract millions, signaling a bullish turn for crypto markets.

Spot cryptocurrency ETFs saw an impressive surge in inflows on Monday, igniting a notable rebound in Bitcoin and Ethereum prices. The sharp increase in capital inflows, which came after a week of intense capital outflows, has put the market back on track with some optimism.

According to data provided by Soso Value, a research platform dedicated to ETFs, the Bitcoin ETFs had an incredible inflow of $219 million on Monday. Topping the list was FBTC, run by Fidelity, which raised a total of $65.56 million, followed closely by IBIT, run by BlackRock, which raised $63.38 million.

This influx of funds came at a critical time when the holdings of U.S. Spot Bitcoin ETFs reached a new all-time high of 1.25 million BTC, indicating that long-time investors remained bullish.

Also Read: Gemini Surpasses Coinbase in App Rankings with Game-Changing XRP Card

Ethereum ETFs Draw Even Larger Capital, Cementing Market Dominance

The Ethereum ETFs followed suit, attracting an even larger sum. Spot Ethereum ETFs garnered a staggering $443.91 million in inflows, nearly double that of Bitcoin. BlackRock’s ETHA was the standout performer, drawing in $314.89 million.

All other Ethereum ETFs experienced positive inflows, with the exception of Grayscale ETHE, which experienced an outflow of $29.17 million. These stunning numbers underline the fact that Ethereum is gaining an increasingly substantial market share, and the ETF inflows approach $3 billion.

The huge inflows immediately impacted the prices of cryptocurrencies. Bitcoin’s price had a sharp recovery, increasing to $110,277 after reaching $108,717 earlier in the day. Ethereum’s price took a similar path and rushed to $4,423 after a previous low of $4,311. This price fluctuation highlights the influential role institutional investors have in the crypto market.

As ETFs continue to gain importance in valuing cryptocurrencies, investors are paying close attention to these inflow trends as a predictor of a possible price increase.

The influx of institutional capital into both Bitcoin and Ethereum ETFs signals a more bullish market outlook, with expectations of continued upward momentum in the coming weeks.

Also Read: Sui Surpasses $100B in Stablecoin Transfers, Dominates Blockchain Ecosystem

The post Bitcoin and Ethereum ETFs See Massive Inflows, Sparking Major Price Surge appeared first on 36Crypto.