Investment flows into US-based spot Bitcoin and Ethereum ETFs have reached record levels, exceeding $193 million in total.$BTC
Four days of continuous inflows into spot Ethereum ETFs have contributed to the rise in ETH prices. Experts say that this increased interest shows the growing role of ETFs in the cryptocurrency market.$ETH
As of November 27, there was a net inflow of $103 million into spot Bitcoin ETFs. This corresponds to approximately 1,119 BTC. During the same period, spot Ethereum ETFs provided a net inflow of $90.1 million. It is emphasized that the increase in the price of Ethereum’s main asset, ETH, is due to these strong investment flows.
While there has been no outflow from spot Bitcoin ETFs, confidence in Bitcoin has increased. The main reason for this confidence is that investors see Bitcoin as a long-term store of value.
Spot Ethereum ETFs also saw a remarkable flow of investment. Fidelity’s ETF took the largest share with $38 million inflows, while Grayscale’s ETF came in second with $37.3 million. VanEck’s ETF received $13.2 million inflows, while Bitwise’s ETF received $1.6 million inflows.
Interest in spot Ethereum ETFs has been ongoing for four days without interruption. During this period, there were inflows exceeding $220 million in total. The intense demand for Ethereum ETFs supports both its price and market value.
Experts say that the strong demand for Ethereum ETFs reflects confidence in Ethereum’s future potential. Increased inflows could help Ethereum gain a more solid position in the financial markets.
The high interest in both Bitcoin and Ethereum ETFs indicates that the integration of cryptocurrency markets with traditional financial instruments is deepening. This trend could see ETF products take on a larger role in the market in the coming period.