Hold onto your hats, crypto enthusiasts, because the past week has been a rollercoaster for Bitcoin and Ethereum ETFs! It's like a blockbuster movie with twists and turns, and everyone's tuning in.
First up, let's talk about the Bitcoin ETFs. After the presidential elections, these bad boys are soaking up investor interest like a sponge, with billions of dollars pouring in. Picture this: the market was a bit wobbly at the end of November, with some outflows making everyone bite their nails. But then, boom! The past week saw a massive turnaround. From Monday to Friday, a whopping $2.7 billion flowed into the funds, with BlackRock flexing its muscles as the top dog. It’s like watching a heavyweight champ reclaim the belt.
And as if that wasn’t enough, Bitcoin itself decided to break the internet by smashing through the $100,000 mark, setting a new all-time high. It’s like watching your favorite underdog team win the championship!
Now, let’s shift gears to Ethereum’s side of the ring. After a slow start, Ethereum ETFs have finally found their groove, attracting $1.4 billion in the past two weeks. It's like they finally discovered the secret sauce. Thursday was a particularly big day, pulling in a record $428.5 million. The momentum has been building, with ten consecutive days of inflows. Advisors and institutional investors are starting to circle, sensing something big is about to happen.
Ethereum’s price has been on a tear as well, charging past $4,000 on Friday evening and bringing smiles to investors everywhere. It's up 8% since last Sunday, proving that this crypto is not just a flash in the pan.
So, whether you’re a Bitcoin buff or an Ethereum enthusiast, these ETFs are setting the stage for some exciting times ahead. Get ready for the next act in the crypto saga!
