BTC, ETH ETFs see $1B single day haul as government shutdown stalls altcoin ETFs

Bitcoin and Ether exchange-traded funds (ETFs) are back in demand among ￰0￱ ETFs combined for nearly a single-day haul of $1 billion while Washington’s budget gridlock slowed down the approval pipeline for new crypto ￰1￱ 2 saw Bitcoin ETFs posting net inflows of $627 million, marking their fourth consecutive day of ￰2￱ price has managed to surge from below the $110,000 levels to hit the $120,000 mark in these last ￰3￱ cumulative crypto market cap went on to climb over $4.1 trillion investors’ sentiment turned ￰4￱ ETFs score $627 million According to SoSoValue data, BlackRock’s iShares Bitcoin Trust (IBIT) led BTC ETFs inflow with $466.5 million ￰5￱ pushed its total inflow since launch to $61.8 billion.

Fidelity’s FBTC followed with $89.6 million in inflows, bringing its historical tally to $12.6 billion. Ark’s ARKB reported $45.18 million in inflows while Bitwise’s BITB posted $11.17 million in inflows. Grayscale’s BTC and GBTC both recorded inflows of $10.1 million and $2.85 million, ￰6￱ of this week, Bitcoin ETFs collectively manage $161 billion in ￰7￱ represents around 6.7% of the total BTC market cap. Year-to-date inflows stand at $22.8 billion, with $58.4 billion since ￰8￱ price has surged by more than 10% in the last 7 ￰9￱ is trading at an average price of $120,460 at press ￰10￱ 24-hour trading volume is up by 6% to stand at $72.4 ￰11￱ ETFs inflow.