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Bitcoin & Ethereum ETFs Net Positive with $78.68M Inflows Coinpedia 30 Nov 2024

Bitcoin & Ethereum ETFs Net Positive with $78.68M Inflows 📈

Bitcoin and Ethereum ETFs have experienced a net positive inflow of $78.68 million, showcasing the rising institutional interest in these leading cryptocurrencies. On November 29, Bitcoin ETFs saw a significant net inflow equivalent to 415 BTC, valued at $40.83 million. This trend underscores the continued attraction of Bitcoin to institutional investors.

Similarly, Ethereum ETFs recorded a substantial net inflow of 10,500 ETH, worth $37.85 million. This surge in investments highlights the growing confidence and demand for Ethereum as a valuable digital asset. These inflows coincide with Bitcoin trading at $96,705, marking a 0.29% increase over 24 hours and a notable 30-day growth.

The demonstrated interest in both Bitcoin and Ethereum ETFs suggests a strong bullish sentiment within the market, with institutions increasingly engaging in the crypto space. This movement is likely influenced by the overall positive performance and stability of the crypto market.

Source: coinpedia.org ↗

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