Ether-backed investment funds, structured as exchange-traded funds (ETFs), continue to attract significant capital, accumulating $640 million in new investments. This positive trend marks the eighth day of inflows in a row. Simultaneously, Bitcoin ETFs have also experienced a surge, registering their seventh consecutive day of increasing value, boosted by $231 million in new capital. This comes despite considerable withdrawals from some of the larger Bitcoin ETF offerings. The market’s enthusiastic activity is reflected in the unprecedented trading volumes being observed.
Ether ETFs Enjoy 8-Day Winning Run; Bitcoin ETFs Follow Suit