Bitcoin and Ethereum ETFs Attract Massive Inflows, Fueling Investor Confidence

Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) have recorded massive amounts of inflows this week. BTC spot ETFs received inflows surpassing $2.3 billion over four days, according to SoSo Value data. On Thursday alone, 12 BTC ETFs collectively brought in $767 million – a striking turnaround following a week of outflows totaling $138 million. The substantial inflows into BTC spot ETFs reflect a renewed optimism about Bitcoin’s long-term growth potential, especially as the cryptocurrency surpassed $100,000 late Wednesday night. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant