Institutional Demand Is Back for Bitcoin and Ethereum.
Institutional appetite is heating up again as spot Bitcoin ETFs recorded $1.92 billion in net inflows over the past five business days, marking their strongest week in months. Ethereum ETFs also saw nearly $700 million flow in during the same period.
The biggest surge came after the US Treasury announced plans to increase longer-dated bond buybacks. Bitcoin ETF inflows jumped above $500 million on Wednesday and topped $600 million on Thursday, while ETH ETF flows also accelerated sharply.
The renewed demand has coincided with a major recovery in both assets. Bitcoin climbed from below $65,000 to nearly $80,000, while Ethereum jumped more than 28% for the week. If these inflows continue, institutional demand could become one of the biggest drivers behind the next phase of the crypto rally.
$BTC $ETH #BTC Price Analysis# #ETH #ETF
Institutional appetite is heating up again as spot Bitcoin ETFs recorded $1.92 billion in net inflows over the past five business days, marking their strongest week in months. Ethereum ETFs also saw nearly $700 million flow in during the same period.
The biggest surge came after the US Treasury announced plans to increase longer-dated bond buybacks. Bitcoin ETF inflows jumped above $500 million on Wednesday and topped $600 million on Thursday, while ETH ETF flows also accelerated sharply.
The renewed demand has coincided with a major recovery in both assets. Bitcoin climbed from below $65,000 to nearly $80,000, while Ethereum jumped more than 28% for the week. If these inflows continue, institutional demand could become one of the biggest drivers behind the next phase of the crypto rally.
$BTC $ETH #BTC Price Analysis# #ETH #ETF
