Bitcoin and Ether ETFs Attract Major Inflows Despite Price Dips
Cryptocurrency investors showed strong conviction on Tuesday, driving large inflows into Bitcoin and Ether exchange-traded funds (ETFs) even as prices retreated.
Spot Bitcoin ETFs received $876 million in fresh capital, adding to Monday’s $1.2 billion, bringing the first-two-day total to around $2 billion, according to Farside Investors.
Ether ETFs also saw robust demand, pulling in $420 million on Tuesday, marking the largest single-day inflow this month. Combined with Monday’s inflows, ETH-focused funds have attracted more than $600 million over the past two days.
The surge in investment came amid a brief market pullback, with Bitcoin falling 2.7% to $121,388 and Ether dropping 5% to $4,337. The inflows highlight a growing appetite among investors to buy the dip and increase exposure to top cryptocurrencies.
