Cryptocurrency Market Continues to Boom as Bitcoin (BTC) and Ethereum (ETH) ETFs Record inflow of over $4.5 billion in just one week, according to data from Farside Investors. This is a signal that institutional money is still flowing strongly into digital assets, reinforcing investors' confidence in the long-term future of crypto.
Bitcoin ETF – Overwhelming Power From BlackRock
During the past week, Bitcoin ETFs Attract $2.38 Billion New investment capital, marking the second consecutive week of inflows exceeding $2 billion. Although this figure is lower than the previous week's record of $2.7 billion, this is still considered an impressive achievement, especially in the context of the volatile traditional financial markets.
It is worth noting that The majority of the money flow came from BlackRock's IBIT fund., with net buying power up to 2.57 billion USD – almost all of the BTC ETF inflow for the week. The remaining funds are starting to show signs of selling, which has rarely happened since Bitcoin ETFs officially started trading in January 2024.
According to data from Dune Analytics:
- BTC ETFs currently hold 1.28 million BTC, worth $151.6 billion.
- BlackRock has an overwhelming market share with $83.8 billion in assets under management, equivalent to 55.2% market share.
Along with that, Bitcoin price has also set a new ATH peak above $123,000, continues to benefit from positive macro news and strong cash flows from large organizations such as Strategy, Metaplanet.
Ethereum – In Focus With 20% Growth And New ETF Record
If Bitcoin continues to be the “king” in terms of capitalization, then Ethereum is the focus of this week. ETH price increased more 20% in just one week, thanks to huge buying momentum from organizations like SharpLink Gaming and Bitmine, worth tens of millions of dollars per day.
In particular, the market is expecting high when the possibility appears. ETH ETFs Will Soon Allow Staking, following the latest move from BlackRock. This expectation has driven strong inflows into ETH funds, with impressive figures:
- ETH ETFs See Record Inflow of $2.18 Billion in the past week.
- BlackRock's ETHA Fund Contributes 1.7 billion USD, affirming the leading position.
- In total, ETH ETFs are holding 4.75 million ETH, value close to 17 billion USD, with BlackRock dominating 46.2% market share.
Conclude
Cash flow 4.5 billion USD The influx of funds into Bitcoin and Ethereum ETFs over the past week is a clear testament to the undeniable appeal of the digital asset market. Backed by giant financial institutions, crypto is gradually becoming an indispensable part of global investment portfolios.
