The 12 U.S. spot bitcoin exchange-traded funds (ETFs) witnessed a remarkable recovery, attracting $192.31 million in inflows on Wednesday, October 23, 2024. This surge came after a challenging day on Tuesday, signaling a positive shift in market sentiment.
Additionally, nine ether funds also experienced benefited from the improved atmosphere, registering modest gains during the trading day. This uplift for both bitcoin and ether ETFs highlights the investors' renewed interest and confidence in the U.S. crypto ETF market.
The recovery marks a significant moment for crypto ETFs, potentially setting a precedent for future earnings and offering a glimpse of the market's resilience despite recent volatility.
