Bitcoin and Efirium Etf's see record inflows amid rapid growth in the cryptocurrency market
For the 11th week since May 2, #bitcoin spot Etf's earned £167,000 in new investments. This is the 6th consecutive week of positive inflows, bringing the total assets under management of bitcoin ETFs to ¥95.4 billion.
On the other hand, this is equivalent to 5.27% of the total market value of bitcoin, which is equivalent to ¥1.8 trillion. A key factor in the influx of funds was the sharp rise in the bitcoin price, which reached an all-time high of $BTC BlackRock's iShares Bitcoin Trust (IBIT) is currently leading the way with total inflows of $2.9. 3 billion. However, since the launch of the Grayscale Bitcoin Trust #ETF spot bitcoin fund, outflows have reached £20.3 billion.
The strong performance of the bitcoin-ETF market coincides with the parallel growth of the #Ethereum spot Etf. Weekly inflows into the Ethereum Etf reached $515 million, marking the third consecutive week of growth.
The surge brought the total net assets of the spot Ethereum Etf to 9915,000, reaching £88,000 from the previous week. This suggests that the market value of this asset is not growing as fast as that of bitcoin, even though investors are increasingly turning to Ethereum ETFs.
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