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Bitcoin and Ethereum ETFs Experience Second Consecutive Day of Inflows
On August 18, US spot ETFs for Bitcoin and Ethereum saw substantial inflows, totaling $189.3 million and $71.4 million respectively. Over two days, the combined inflow reached approximately $487 million.
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BTC
ETH
USMajor flows were directed into BlackRock's IBIT, Fidelity's FBTC, Bitwise's BITB, and ARKB. Ethereum ETFs also experienced notable growth, particularly BlackRock's ETHA. These movements suggest a resurgence of institutional interest in cryptocurrencies following a period of market volatility.
The inflows indicate a positive shift in institutional sentiment towards cryptocurrencies, potentially influencing market dynamics.