bullish

Bitcoin

Rise

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-price-surges-as-etf-inflows-rise" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Surges as ETF Inflows Rise</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/expert-analyst-predicts-potential-bitcoin-surge-in-may" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.bitcoinhaber.net/bitcoin-mining-complexity-soars-to-new-heights" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>) is holding strong at the $91,000 mark, encouraging expectations for a potential climb to $92,000. Recent data reveals substantial net inflows into U.S. spot Bitcoin ETFs, amounting to $255 million as of November 18. BlackRock’s iBit ETF led these inflows with a remarkable $90 million, while Fidelity followed closely with $60 million. Meanwhile, spot Ethereum ETFs faced challenges, recording a net outflow of $39 million.</p>
<h2 style="text-align: justify" id="strong-what-drives-blackrock-and-fidelity-s-success-strong"><strong>What Drives BlackRock and Fidelity’s Success?</strong></h2>
<p style="text-align: justify">The influx of capital following previous withdrawals reflects a renewed interest in spot Bitcoin ETFs, particularly favoring BTC. BlackRock’s iBit fund emerged as the standout with a net contribution of $90 million, with Fidelity’s ETF closely trailing with $60 million. This trend signifies a shift in investor focus toward Bitcoin.</p>
<h2 style="text-align: justify" id="strong-will-btc-maintain-its-lead-over-eth-strong"><strong>Will BTC Maintain Its Lead Over ETH?</strong></h2>
<p style="text-align: justify">Bitcoin’s position above the $91,000 threshold signals strong investor confidence in its price direction. This bullish sentiment is bolstered by buying activity in spot Bitcoin ETFs, which recorded 2,830 BTC purchases, contrasting sharply with Ethereum’s declining sales, where approximately 12,700 ETH were sold on the same day, highlighting the growing disparity between the two leading cryptocurrencies.</p>
<ul>
 <li>Significant inflows to Bitcoin ETFs suggest robust institutional interest.</li>
 <li>BlackRock and Fidelity are at the forefront of Bitcoin’s ETF success.</li>
 <li>Ethereum is experiencing decreasing demand relative to Bitcoin.</li>
</ul>
<p style="text-align: justify">The current market dynamics emphasize Bitcoin’s dominance in the cryptocurrency sector, indicating that institutional investments are shaping the landscape. As demand for spot Bitcoin ETFs rises, the contrasting performance of Ethereum highlights the challenges it faces in maintaining its competitive stance.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-price-surges-as-etf-inflows-rise" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Surges as ETF Inflows Rise</a></h5>

Bitcoin Price Surges as ETF Inflows Rise

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