The 11 spot Bitcoin ETFs in the States continue to enjoy substantial investor demand following the presidential elections, with another week of multi-billion dollar net inflows.<\/p>\n
This time, the same can and will be said about the spot Ethereum ETFs, which finally emerge as attractive investment tools.<\/p>\n
The previous business week \u2013 the last of November \u2013 was somewhat shaky as the BTC-based financial vehicles<\/a> were in the red on Monday and Tuesday, with outflows of $435.5 and $122.8, respectively. The week actually finished with more withdrawals, as Thursday was a national holiday.<\/p>\n However, the trend changed in the past week. $353.6 million entered the funds on Monday, with BlackRock leading the pack once again. $676 million followed<\/a> on Tuesday, $556.8 million on Wednesday, $766.7 million on Thursday, and $376.6 million on Friday. Consequently, the total net inflows for the five-day trading period stood at $2,729.7 billion.<\/p>\n What\u2019s particularly intriguing about this week was that almost all of those net inflows went into BlackRock\u2019s IBIT. The world\u2019s largest Bitcoin ETF, which made more history<\/a> this week, attracted over $2.6 billion out of the total. Nate Geraci, ETF Store\u2019s president, outlined IBIT\u2019s dominance.<\/p>\n \u201cETFs holding more btc than Satoshi is antithetical to btc\u2019s ethos\u201d\u2026<\/p>\n Imagine a world where investors will be able to take delivery of btc via IBIT shares they own (i.e. they can exchange IBIT for btc).<\/p>\n It\u2019s coming & will simply be next step down path towards full tokenization.<\/p>\n \u2014 Nate Geraci (@NateGeraci) December 7, 2024<\/a><\/p>\n\n These impressive numbers impacted the underlying asset\u2019s price movements as well. BTC skyrocketed past $100,000 for the first time ever on Thursday and charted<\/a> a new all-time high of over $100,350.<\/p>\n The spot Ethereum ETFs<\/a> struggled at first to attract any actual demand, but the landscape has changed completely in the past two weeks, with $1.4 billion entering the funds within that timeframe.<\/p>\n Now 10 consecutive days of inflows into spot eth ETFs\u2026<\/p>\n $1.4bil total.<\/p>\n Includes 2 best days since July launch.<\/p>\n Advisors & institutional investors only beginning to sniff around here IMO.<\/p>\n \u2014 Nate Geraci (@NateGeraci) December 8, 2024<\/a><\/p>\n\n The record-setting day was on Thursday, with $428.5 million<\/a>. $24.2 million on Monday, $132.6 million on Tuesday, $167.7 million on Wednesday, and $83.8 million on Friday made the total of $836.8 million for the week \u2013 the best since the funds\u2019 inception in July.<\/p>\n ETH\u2019s price has also skyrocketed in the past several days, surging past $4,000 on Friday evening for the first time since March of this year. ETH is up by 8% since last Sunday.<\/p>\n The post ETF Recap: Record-Setting Week for Ethereum, Bitcoin Funds Amid Price Rallies<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The 11 spot Bitcoin ETFs in the States continue to enjoy substantial investor demand following the presidential elections, with another week of multi-billion dollar net inflows. This time, the same can and will be said about the spot Ethereum ETFs, which finally emerge as attractive investment tools. BTC ETF Inflows Rockets The previous business week […]<\/p>\n","protected":false},"author":0,"featured_media":26678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-26677","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\/26677"}],"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=26677"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/26677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/26678"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}ETH ETF Demand Is Finally Here<\/h2>\n