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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-etfs-gain-major-inflows" data-wpel-link="internal">Bitcoin ETFs Gain Major Inflows</a><br></p>
<p style="text-align: justify">On Thursday, spot <a href="https://en.bitcoinhaber.net/bitcoins-potential-surge-exploring-planbs-s2f-predictions" data-wpel-link="internal">Bitcoin</a> ETFs in the US markets saw a significant surge, accumulating an impressive $192.56 million in inflows. BlackRock’s IBIT fund played a pivotal role, securing $157.6 million, while WisdomTree’s BTCW fund experienced a remarkable rise with a record-breaking $118.52 million, surpassing its previous peak by tenfold.</p> 
<h2 id="what-happened-with-other-bitcoin-etfs">What Happened with Other Bitcoin ETFs?</h2> 
<p style="text-align: justify">Fidelity’s FBTC fund registered an inflow of $65.25 million, whereas Ark Invest and 21Shares’ ARKB fund managed to attract $32.79 million. This development coincided with Bitcoin’s market value spike, driving the total trading volume to $2 billion on Thursday, up from $1.79 billion the previous day. Contrarily, Grayscale’s GBTC fund faced substantial outflows amounting to $182.94 million.</p> 
<h2 id="spot-ethereum-etfs-continue-to-experience-losses">Spot Ethereum ETFs Continue to Experience Losses</h2> 
<p style="text-align: justify">Despite the robust performance of Bitcoin ETFs, the story was different for spot Ethereum ETFs, which encountered a net outflow of $2.87 million on Thursday. Even though BlackRock’s ETHA fund recorded an inflow of $11.74 million, it was offset by a $19.83 million outflow from Grayscale’s ETHE fund. This imbalance reflects a waning investor interest in Ethereum, with total net outflows reaching $390.23 million, exacerbated by Ethereum’s dip below $2,100 on Monday.</p> 
<h2 id="key-insights-for-investors">Key Insights for Investors</h2> 
<p style="text-align: justify">Investors can draw several actionable conclusions from these developments:</p> 
<ul> 
 <li>Significant inflows into Bitcoin ETFs highlight strong market confidence in Bitcoin.</li> 
 <li>Conversely, Ethereum ETFs’ outflows suggest a cautious or declining sentiment towards Ethereum.</li> 
 <li>Sharp fluctuations in ETF inflows and outflows can impact overall market stability and <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">investor strategy</a>.</li> 
 <li>Close monitoring of ETF fund movements is crucial for making informed investment decisions.</li> 
</ul> 
<h2 id="latest-status-of-bitcoin-and-ethereum-prices">Latest Status of Bitcoin and Ethereum Prices</h2> 
<p style="text-align: justify">In the past 24 hours, Bitcoin’s price surged by 6.93% to $60,837, while Ethereum saw a 9.72% increase, reaching $2,662. Nonetheless, these price hikes may not fully capture the disparities in ETF fund inflows and outflows. With Bitcoin gaining market strength, Ethereum’s relative weakness is something investors should closely watch. These market movements significantly influence investor decisions and market confidence.</p> 
<p style="text-align: justify">The cryptocurrency market is experiencing swift changes, with high volatility affecting investors. While the substantial uptick in spot Bitcoin ETFs bolsters interest in cryptocurrencies, Ethereum’s weakening position may lead investors to reconsider their strategies.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-etfs-gain-major-inflows" data-wpel-link="internal">Bitcoin ETFs Gain Major Inflows</a></h5>

Bitcoin ETFs Gain Major Inflows

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