Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...
Bitcoin is showing renewed strength, supported by a notable surge in exchange-traded fund (ETF) inflows, signaling growing investor confidence. After three consecutive days of outflows, spot Bitcoin ETFs saw a robust rebound on Friday, attracting $25.6 million.
Bitwise’s BITB led with $15.3 million in fresh inflows, followed by Fidelity’s FBTC, which added $13.6 million. This influx pushed total assets under management for Bitcoin ETFs to $57.7 billion, representing 4.7% of the cryptocurrency’s market capitalization.
Ethereum funds also experienced positive momentum, with spot ETFs pulling in $7.4 million, mainly driven by BlackRock’s ETHA, which secured $14.7 million. While Grayscale’s ETHE saw outflows of $8.2 million, the cumulative net total since July remains slightly negative. Despite mixed results, these inflows reflect investor optimism in a potential market rally.
The resurgence of interest in Bitcoin and Ethereum ETFs suggests that institutional investors are increasingly confident in the market’s long-term prospects. With Bitcoin ETFs nearing $18.5 billion in net inflows since January, the coming weeks will be crucial in determining whether this momentum can translate into a broader bull run for the cryptocurrency market.
Over 200 retailers in Townsville, Australia, often known as “Bitcoin Cash City,” are taking Bitcoin Cash (BCH) payments, indicating a large acceptance of BCH.
The quick and affordable transactions provided by the point-of-sale (POS) register software and the Bitcoin.com Wallet app contribute to
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