Ethereum

Solana

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-ethereum-etfs-see-significant-growth-in-market-interest/" data-wpel-link="internal">Bitcoin and Ethereum ETFs See Significant Growth in Market Interest</a><br></p>
<p style="text-align: justify">The <a href="https://en.coin-turk.com/bitcoin-and-ethereum-etfs-see-significant-growth-in-market-interest/" data-wpel-link="internal"></a><a href="https://en.coin-turk.com/rise-in-bitcoin-and-optimism-in-crypto-markets/" data-wpel-link="internal">cryptocurrency</a> market experienced a notable increase this week, with Bitcoin , Solana , and Ethereum rising by approximately 11%. This development rekindled interest in exchange-traded funds (ETFs). Over the past few trading days, the assets under management (AUM) of ETFs surpassed $600 million, reaching a total of $60 billion.</p> 
<h2 style="text-align: justify" id="blackrock-s-ibit-fund-witnesses-investment-surge">BlackRock’s IBIT Fund Witnesses Investment Surge</h2> 
<p style="text-align: justify">BlackRock’s IBIT fund, a leader in Bitcoin investments, demonstrated significant performance, adding $288.8 million in the last trading day and bringing its monthly total to $572 million. Fidelity’s FBTC fund also gained attention with the second-largest investment influx. However, some funds did not attract net investments.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-397893" src="https://coin-turk.com/wp-content/uploads/2024/10/Spot-Bitcoin-ETF-5-scaled.jpg" alt="" width="2560" height="1092"></p> 
<p style="text-align: justify">Bloomberg’s senior ETF analyst, Erich Balchunas, described this situation as “monster flows,” suggesting that funds could reach a target of 1 million BTC by year-end.</p> 
<h2 style="text-align: justify" id="new-ether-etf-launch-in-australia">New Ether ETF Launch in Australia</h2> 
<p style="text-align: justify">While Bitcoin funds are on the rise, Ethereum funds have not achieved similar success. Nevertheless, asset managers continue launching new funds. In Australia, Monochrome introduced a new spot Ether ETF on the Cboe exchange, indicating increased institutional acceptance of <a href="https://en.coin-turk.com/bitcoins-performance-in-august-and-the-highlighted-cryptocurrencies-of-the-month/" data-wpel-link="internal">cryptocurrencies</a>.</p> 
<p style="text-align: justify">Monochrome’s new ETF offers investors more reliable and regulated options while making Ethereum more accessible. This reflects the growing global demand for spot cryptocurrency ETFs.</p> 
<h2 style="text-align: justify" id="growing-acceptance-of-ethereum-and-cryptocurrencies">Growing Acceptance of Ethereum and Cryptocurrencies</h2> 
<p style="text-align: justify">The rising interest in Ethereum is accelerating the overall institutional acceptance of cryptocurrencies. Notably, ETH is becoming more widely adopted among investors. These developments underscore the importance of ETFs for both Bitcoin and Ethereum, providing investors with access to regulated and liquid markets.</p> 
<p>The post <a href="https://en.coin-turk.com/bitcoin-and-ethereum-etfs-see-significant-growth-in-market-interest/" data-wpel-link="internal">Bitcoin and Ethereum ETFs See Significant Growth in Market Interest</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Bitcoin and Ethereum ETFs See Significant Growth in Market Interest

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