Bitcoin and Ethereum ETFs Witness Massive $900 Million Inflows

Cryptocurrency exchange-traded funds (ETFs) for Bitcoin and Ethereum have experienced a staggering $900 million in daily inflows, signaling significant institutional support. Major players like BlackRock, Fidelity, and Ark/21Shares are contributing to this surge in interest. 627.2 million was poured into Bitcoin ETFs, while 307.05 million flowed into Ethereum ETFs, according to on-chain trackers. These substantial inflows reflect growing institutional confidence and a stronger market appeal for these cryptocurrencies. Experts suggest that the increased inflows likely impact BTC and ETH’s prices as institutions actively invest in the sector.