#US ETFs see inflows of over 60,000 cryptocurrencies#
Hot Topic Overview
Overview
Recently, there has been significant capital inflow into US Bitcoin and Ethereum ETFs, with institutional investors like BlackRock being active participants. On January 17, US Bitcoin ETFs saw a net inflow of 7,222 BTC, while Ethereum ETFs saw a net inflow of 56,608 ETH, totaling over $1.3 billion in inflows over the past two days. Bitwise's Bitcoin spot ETF recorded its highest single-day inflow since launch, exceeding $200 million. Analysts expect ETF flows to continue growing and drive crypto prices higher this year.
Ace Hot Topic Analysis
Analysis
Recently, there has been a significant inflow of funds into US Bitcoin and Ethereum ETFs, particularly on January 16th and 17th, with over $1.3 billion and $166 million flowing in respectively. Notably, BlackRock on January 17th alone increased its holdings by 5,253 Bitcoins and 33,314 Ethereums, demonstrating the continued bullish sentiment of institutional investors towards the cryptocurrency market. Analysts anticipate ETF flows to reach or surpass 2023 levels in 2024, further propelling cryptocurrency price growth. Additionally, Bitwise's Bitcoin spot ETF witnessed its largest single-day inflow since its launch on January 17th, exceeding $200 million, further emphasizing market confidence in cryptocurrencies. Currently, spot Bitcoin and Ethereum ETFs account for 6% of Bitcoin's market cap and 3% of Ethereum's market cap, signifying the substantial role of ETFs in the cryptocurrency landscape.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
US Bitcoin ETF net inflows continue to grow, with investors showing enthusiasm for the cryptocurrency market, especially institutional investors like BlackRock.
Bitcoin price surge has driven ETF inflows, particularly spot Bitcoin ETFs. ETF flows are expected to continue growing and become a major driver of crypto price gains.
Institutional investors' interest in cryptocurrencies continues to rise, particularly Bitcoin and Ethereum, reflected in the net inflows of ETFs.
With the new US administration taking office, the cryptocurrency market is optimistic about the future, driving price gains and attracting more investors to the market.