Bitcoin and Ethereum ETFs Experience Record Inflows

A significant surge in institutional investments was witnessed this week as Bitcoin and Ethereum-focused Exchange Traded Funds (ETFs) saw substantial inflows. Major players like BlackRock and Fidelity drove the movement, prompting a notable shift in the cryptocurrency market landscape. Notably, these inflows were driven by both Bitcoin ETFs achieving substantial inflows of around 4,050 Bitcoins, totaling approximately $380 million, and Ethereum experiencing net inflows of up to $104 million. This momentum was further fueled by products such as ETHA and FETH from major firms like Charles Schwab, highlighting increased institutional interest.