Bitcoin & Ethereum ETFs See Massive Institutional Inflows

Institutional investors are showing significant interest in Bitcoin and Ethereum exchange-traded funds (ETFs). Data from Lookonchain reveals that Bitcoin ETFs have accumulated a staggering $666.72 million in net inflows over the past 24 hours, driven by a surge in trading volume. This influx is largely attributed to BlackRock’s iShares Bitcoin Trust ($IBIT), which alone witnessed a remarkable influx of 2,908 Bitcoin on a single day, amounting to $303.6 million. This has contributed significantly to the overall value of ETF holdings for Bitcoin, reaching an impressive 636,120 Bitcoin and $66.4 billion in total.