Ethereum

Bitcoin

Spot

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-increase-interest-in-bitcoin-and-ethereum-etfs/" data-wpel-link="internal">Investors Increase Interest in Bitcoin and Ethereum ETFs</a> 
Yesterday, the spot Bitcoin ETFs in the United States experienced significant growth, ending the day with a positive balance of $106 million. The main driver behind this increase was BlackRock’s spot Bitcoin ETF, which recorded the highest inflow in the past month with a total of $184 million. However, major players such as Fidelity and ARK Invest saw outflows from their funds during the same period. 
<h2 style="text-align: justify" id="strong-strong-inflows-into-blackrock-s-etf-strong">Strong Inflows into BlackRock’s ETF</h2> 
The positive performance of spot Bitcoin ETFs has been greatly influenced by BlackRock’s substantial investment. With the $184 million inflow, the company reached its highest entry level in the past month. This trend indicates a growing interest in Bitcoin among investors and reflects a strengthening of market confidence. The size of BlackRock’s investment has attracted attention in the <a href="https://en.coin-turk.com/bitcoin-ends-the-year-with-a-dip-as-altcoins-show-mixed-results/" data-wpel-link="internal">cryptocurrency</a> world compared to other spot Bitcoin ETFs. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-391958" src="https://coin-turk.com/wp-content/uploads/2024/09/Spot-Bitcoin-ETF-2-scaled.jpg" alt="" width="2560" height="1066"> 
Fidelity also faced a $33 million outflow from its spot ETF, followed by ARK Invest, which recorded a $47 million exit. Despite these outflows from these two major companies, the overall outlook remained positive primarily due to BlackRock’s significant contributions. This scenario may increase interest from other investors and companies in spot Bitcoin ETFs. 
<h2 style="text-align: justify" id="strong-positive-outlook-for-spot-ethereum-etfs-strong">Positive Outlook for Spot Ethereum ETFs</h2> 
In addition to spot Bitcoin ETFs, spot Ethereum ETFs also closed the trading day positively, with a total inflow of $43 million. This indicates a rising interest in Ethereum investments and suggests that investors are viewing the <a href="https://en.coin-turk.com/argentinas-government-removes-crypto-tax-benefits-from-omnibus-bill/" data-wpel-link="internal">cryptocurrency market</a> positively overall. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-391959" src="https://coin-turk.com/wp-content/uploads/2024/09/Spot-Ethereum-ETF-1-scaled.jpg" alt="" width="2560" height="918"> 
The latest developments in the cryptocurrency market indicate that investors’ interest in spot ETFs may increase. The high investments into BlackRock’s fund have supported the positive sentiment in the market, and outflows from other leading companies’ ETFs have not overshadowed the overall positive outlook. Considering the increase in inflows into Ethereum ETFs, there are signals of a general recovery in the cryptocurrency market. 
The post <a href="https://en.coin-turk.com/investors-increase-interest-in-bitcoin-and-ethereum-etfs/" data-wpel-link="internal">Investors Increase Interest in Bitcoin and Ethereum ETFs</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Investors Increase Interest in Bitcoin and Ethereum ETFs

Table of Contents

COINTURK NEWS

Other articles published on Sep 26, 2024

Bitcoin Mining Facility Shutdowns In Minnesota Over Noise Concerns

Solana’s New Web3 Smartphone "Seeker": What You Need to Know

Sui Network Surpasses Previous DeFi Records

21.co Integrates Chainlink Proof of Reserve for Enhanced Transparency in Wrapped Bitcoin

Truflation Confirms Malware Attack Losing Up to 5.2 Million

SEAM spikes 64% as Base plans to scale up gas limits

Join our free newsletter for daily crypto updates!