BlackRock Dominates as Spot Ethereum ETFs See $104.8M Inflows Amid Market Volatility
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This week has been eventful for Ethereum ETFs, showing significant inflows and outflows. Grayscale underwent substantial withdrawals while BlackRock saw appreciable gains. Institutional interest in Bitcoin is rising, further highlighting the growing interest in major cryptocurrencies despite the market volatility.
Spot Ethereum ETFs, particularly those under BlackRock, experienced immense inflows amounting to $104.8 million. This demonstrates investors' confidence in Ethereum amid fluctuating market conditions. Grayscale, on the other hand, has faced notable withdrawals.
The increasing attention from institutional investors is a significant development in the cryptocurrency sector. Bitcoin, alongside Ethereum, continues to attract considerable interest, reflecting a broader acceptance and adoption among major financial players.
Source: en.coinotag.com ↗
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