Bitcoin exchange-traded funds have seen a large influx of over $1 billion, as the price of Bitcoin nears the $100,000 mark for the first time. This follows the Securities and Exchange Commission’s approval of spot Bitcoin ETFs, with BlackRock’s iShares Bitcoin Trust attracting the most inflows. The news comes as Bitcoin ETFs are becoming one of the dominant ways to hold Bitcoin and have reached $100 billion in assets, surpassing the total value of gold ETFs.
However, Ethereum ETFs have not seen the same level of investor sentiment, recording outflows daily since November 14.
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