Bitcoin and Ethereum ETFs See Major US Inflows, Signaling Institutional Confidence

US-based spot Bitcoin and Ethereum ETFs experienced notable inflows, suggesting a return of institutional confidence in the crypto markets. BlackRock’s IBIT led with significant capital flows, exceeding $216 million, while Ethereum spot ETFs saw their first positive weekly net inflow since February, driven by assets like VanEck and Bitwise. These substantial inflows mark a shift away from declines observed earlier this year, indicating potential stabilization of crypto prices.