crypto

Ethereum (ETH) exchange-traded funds (ETFs) have struggled since their launch in July 2024, recording $610 million in net outflows, while Bitcoin ETFs faced $330 million in net outflows during the same period.

Over the past decade, the cryptocurrency market has undergone a remarkable transformation. What started as a niche space dominated by individual enthusiasts has evolved into a global financial phenomenon, increasingly shaped by institutional involvement.

The U.S. Securities and Exchange Commission (SEC) has approved several new Bitcoin exchange-traded funds (ETFs), leading to increased institutional investment in the cryptocurrency market. This approval is seen as a major milestone for mainstream adoption of Bitcoin and could influence its price and market dynamics.

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Crypto enthusiast and blockchain advocate. Exploring the future of finance.

Brian Phillips

@brianp