Crypto Market Experiences Second Consecutive All-Green Session
Crypto market analysts have been tracking a significant surge in investment into Bitcoin and Ethereum exchange-traded funds (ETFs) over the past two days.
According to data, on Wednesday, $507 million flowed into spot bitcoin ETFs, with Blackrock's IBIT leading the charge at $297.37 million, followed closely by Grayscale Investments' GBTC at $102.49 million.
The rally was not limited to Bitcoin, as Ethereum ETFs also attracted $157.14 million in net inflows, led by Fidelity's FETH with $61.94 million and Grayscale's ETHE at $33.87 million.
XRP and Solana ETFs also saw strong demand, with XRP attracting $3.09 million and Solana drawing $30.86 million in inflows.