The recent price resurgence for bitcoin can be largely attributed to the growing inflows to the spot BTC ETFs in the States, as the products saw their best three-day period since June.<\/p>\n
At the same time, the landscape around the Ethereum ETFs is quite different, yet again.<\/p>\n
Whether it\u2019s the growing odds for the self-proclaimed pro-crypto US presidential candidate, Donald Trump, to win the upcoming elections or there\u2019s another reason, investors have changed their overall perspective toward the spot Bitcoin ETFs<\/a> in the past few days.<\/p>\n Data<\/a> from FarSide shows massive inflows that started on Friday. After three days of net withdrawals<\/a> from Tuesday to Thursday, the financial vehicles saw $253.6 million poured in on Friday, a whopping $555.9 million on Monday, and $371 million yesterday.<\/p>\n This brings the total for this period to $1,180.5 billion, which is the best three-day performance since June. Fidelity\u2019s FBTC and Bitwise\u2019s BITB led the pack on Monday, with $239.3 million and $100.2 million, respectively. BlackRock\u2019s IBIT took the crown yesterday, with $288.8 million in net inflows.<\/p>\n Consequently, CryptoQuant determined that the total AUM for all US-based BTC ETFs has tapped a massive milestone of approximately $60 billion in today\u2019s prices.<\/p>\n <\/a>Bitcoin ETF Inflows and AUM. Source: CryptoQuant<\/p>\n These impressive ETF numbers are perhaps the most probable reason behind BTC\u2019s recent price rally. After all, the asset had dumped below $59,000 last Thursday and currently sits 13.5% higher at $67,000.<\/p>\n While the spot Bitcoin ETFs continue to enjoy massive demand, the same cannot be said<\/a> about their Ethereum counterparts. The spot ETH ETFs<\/a> continue to struggle to gain attention and have been in the red since their inception in late July due to the substantial outflows from the Grayscale fund.<\/p>\n They saw two days of no actual trading activity last week and a few of negligible inflows. The start of the current trading week was a bit more positive, with $17 million in net inflows on Monday, but Tuesday saw $12.7 million in net outflows.<\/p>\n Nevertheless, ETH\u2019s price has also soared since last Thursday\u2019s dump and is up by 7% on a weekly scale. As of now, the second-largest cryptocurrency sits above $2,600 after surging by 14% in the past month.<\/p>\n The post Bitcoin ETFs Inflows Skyrocket to 4-Month High as Total AUM Taps Massive Milestone<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The recent price resurgence for bitcoin can be largely attributed to the growing inflows to the spot BTC ETFs in the States, as the products saw their best three-day period since June. At the same time, the landscape around the Ethereum ETFs is quite different, yet again. Bitcoin ETFs on the Rise Whether it\u2019s the […]<\/p>\n","protected":false},"author":0,"featured_media":14178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-14177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14177"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14177"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14177\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/14178"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Familiar Landscape Around ETH ETFs<\/h2>\n
![<\/a>Bitcoin ETF Inflows and AUM. Source: CryptoQuant<\/p>\nThese impressive ETF numbers are perhaps the most probable reason behind BTC\u2019s recent price rally. After all, the asset had dumped below $59,000 last Thursday and currently sits 13.5% higher at $67,000.<\/p>\nFamiliar Landscape Around ETH ETFs<\/h2>\nWhile the spot Bitcoin ETFs continue to enjoy massive demand, the same cannot be said<\/a> about their Ethereum counterparts. The spot ETH ETFs<\/a> continue to struggle to gain attention and have been in the red since their inception in late July due to the substantial outflows from the Grayscale fund.<\/p>\nThey saw two days of no actual trading activity last week and a few of negligible inflows. The start of the current trading week was a bit more positive, with $17 million in net inflows on Monday, but Tuesday saw $12.7 million in net outflows.<\/p>\nNevertheless, ETH\u2019s price has also soared since last Thursday\u2019s dump and is up by 7% on a weekly scale. As of now, the second-largest cryptocurrency sits above $2,600 after surging by 14% in the past month.<\/p>\nThe post Bitcoin ETFs Inflows Skyrocket to 4-Month High as Total AUM Taps Massive Milestone<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"The recent price resurgence for bitcoin can be largely attributed to the growing inflows to the spot BTC ETFs in the States, as the products saw their best three-day period since June. At the same time, the landscape around the Ethereum ETFs is quite different, yet again. Bitcoin ETFs on the Rise Whether it\u2019s the […]<\/p>\n","protected":false},"author":0,"featured_media":14178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-14177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14177"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14177"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14177\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/14178"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/10\/photo_2024-10-16_10-48-42.jpg\"){kind=link}