Ethereum

Bitcoin

Spot

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-etfs-see-record-investment-this-week" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin ETFs See Record Investment This Week</a><br></p>
<p style="text-align: justify">On the opening trading day of the week in the U.S., spot <a href="https://en.bitcoinhaber.net/bitcoins-price-projected-to-hit-60000-as-investor-interest-spikes" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> exchange-traded funds (ETFs) attracted an impressive net inflow of $479.4 million. This significant increase marks the highest daily influx observed since October 14. The leading contributor was BlackRock’s IBIT fund, which alone drew in $315.19 million, continuing its upward trend for eleven consecutive days.</p>
<h2 style="text-align: justify" id="strong-which-etfs-are-gaining-popularity-strong"><strong>Which ETFs Are Gaining Popularity?</strong></h2>
<p style="text-align: justify">The ARKB fund, a collaboration between Ark Invest and 21Shares, also performed well, securing $59.78 million. In addition, Fidelity’s FBTC fund registered a robust inflow of $44.12 million. Other notable funds included Bitwise’s BITB and Grayscale’s Bitcoin ETFs, with inflows of $38.67 million and $21.59 million, respectively, although the other seven spot Bitcoin ETFs did not see any inflows.</p>
<h2 style="text-align: justify" id="strong-why-are-ethereum-etfs-struggling-strong"><strong>Why Are Ethereum ETFs Struggling?</strong></h2>
<p style="text-align: justify">In sharp contrast, spot Ethereum ETFs faced a net outflow of $1.14 million on the same day. This figure is an improvement from the $19.16 million outflow recorded on Friday. Grayscale’s ETHE saw the largest outflow at $8.44 million, while Fidelity’s FETH and BlackRock’s ETHA funds managed to capture $5.02 million and $2.28 million in inflows, respectively.</p>
<p style="text-align: justify">The total trading volume for Bitcoin ETFs surged to $3 billion, compared to $2.9 billion on Friday. Bitcoin’s price climbed by 4.75%, reaching $71,200, the highest point since June, while Ethereum also increased by 5.11% to $2,619.</p>
<ul>
 <li>Spot Bitcoin ETFs have seen a resurgence in investor interest.</li>
 <li>BlackRock’s IBIT fund leads the charge with substantial inflows.</li>
 <li>Ethereum ETFs experience notable outflows, highlighting a shift in investor focus.</li>
 <li>Overall trading volume indicates a growing confidence in Bitcoin.</li>
</ul>
<p style="text-align: justify">The stark difference in performance between Bitcoin and Ethereum ETFs suggests a significant shift in market sentiment, with Bitcoin gaining traction while Ethereum struggles to attract investment. This divergence may influence future strategies for both asset types.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-etfs-see-record-investment-this-week" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin ETFs See Record Investment This Week</a></h5>

Bitcoin ETFs See Record Investment This Week

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