As a seasoned researcher with years of experience under my belt, I must say that the current surge in investments into Bitcoin and Ethereum ETFs is nothing short of remarkable. It’s been a rollercoaster ride since the Trump presidency, and this trend seems to be showing no signs of slowing down.
During the five most recent trading sessions, a trend persisted where US investors consistently invested more funds into Bitcoin Spot Exchange-Traded Funds (ETFs), starting from when Donald Trump won the presidential election.
In the past week, alternatives on the Ethereum platform have experienced similar success, pulling in nearly a billion dollars.
BTC ETFs Keep the Momentum Going
In their first year, Bitcoin ETFs, initially 11 and now expanded to 12, have shattered several records with immense net inflows. This is especially noticeable in BlackRock’s IBIT, which swiftly grew to be the largest and remains a top choice among investors.
Over the last five trading days, a clear pattern from before the elections has been reinforced. On December 9th (Monday), there was a net inflow of approximately $489.1 million into funds, and this trend continued with an additional $438.5 million on Tuesday, $223.1 million on Wednesday, $597.5 million on Thursday, and ending the week with another $428.9 million on Friday. This strong inflow of money concludes a robust week for these investments.
In summary, the amount invested in ETFs during this period reached an impressive figure of approximately 2.167 trillion dollars. Compared to the previous week’s total, this is slightly lower; however, it’s still significant as over 2 billion dollars were invested within a short span of days.
As an analyst, I took the lead in trading activities during four key days of the week: I recorded a significant inflow of $394.1 million on Monday, followed by $295.6 million on Tuesday, and then saw another substantial increase to $431.6 million on Thursday. The final day of the week also witnessed a substantial inflow of $393 million. However, there were no notable flows reported on Wednesday. Interestingly, Fidelity’s FBTC emerged as a standout on that day with an inflow of $121.9 million.
Over the past week, these significant increases in Bitcoin’s value have been boosted due to incoming investments. As a result, this digital currency has risen by 3%, with its current price nearing a record high.
ETH ETFs Are Doing Well, too
Over the past few weeks, Ethereum ETFs have been thriving after a slow beginning. Their winning streak dates back to November 22, and so far, they haven’t had a single day of loss.
Once more, they achieved remarkable figures last week, earning approximately $149.8 million on Monday, $305.7 million on Tuesday, around $102 million on Wednesday, about $273.7 million on Thursday, and $23.6 million on Friday. The grand total now amounts to roughly $854.8 million.
Remarkably, Ethereum’s (ETH) price has seen a decrease of around 2.5% over the past week. Despite briefly surpassing $4,000 on the previous Friday, ETH has struggled to sustain its growth and currently hovers below $3,900 after a tumultuous seven days.
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2024-12-15 16:14