Taiwo Akande
@takande
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Bitcoin ETFs on a Tear, Ether Funds Stumble
Bitcoin exchange-traded funds (ETFs) in the US are on a hot streak, attracting fresh money for six straight days. On Thursday alone, they raked in $64.9 million, led by Blackrock's IBIT. In contrast, Ether ETFs took a hit, experiencing a small outflow of $874,610.
Bitcoin ETF Success Story
Thursday saw a collective inflow of $64.9 million across 12 US spot Bitcoin ETFs. Blackrock's IBIT led the pack with a whopping $75.49 million influx, followed by Fidelity's FBTC at $9.23 million. Other notable gainers included Ark Invest and 21Shares' ARKB, WisdomTree's BTCW, and Grayscale's Mini Bitcoin Trust.
The combined net inflow for Bitcoin ETFs since January has reached a staggering $17.62 billion. With close to $900 million traded on Thursday, these 12 funds now hold a massive $55.13 billion worth of Bitcoin.
Ether ETF Setback
While Bitcoin ETFs enjoyed a positive day, Ether ETFs faced losses. They experienced a combined outflow of $874,610, bringing their cumulativ… 4 replies
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