Last week, the Bitcoin & Ethereum markets observed a notable increase in institutional flows as tracked by the BTC and ETH ETFs. 10 Bitcoin ETFs have bought 21,158 BTC ($2,22 billion) as per the Lookonchain, and 9 Ethereum ETFs have purchased as much as 220,702 ETH ($873 million).
Bitcoin ETFs Witness Massive Growth
Ten Bitcoin ETFs have bought 21,158 BTC in the past week worth $2.22 billion. This significant increase is attributed to increased institutional investors and confidence in BTC as one of the leading investment assets.
The data posted by Lookonchain shows that the Bitcoin ETF position is gradually increasing and is already close to 1.2 million BTC. This surge is accompanied by an upward movement in Bitcoin’s price, as illustrated in the graph. The blue trendline shows that the BTC price is now above $100,000 and constantly rising.
An increasing amount of money invested in BTC ETFs indicates that the markets are opening up to products that provide exposure to the dominant cryptocurrency within the financial system.
Ethereum ETFs Attract $873 Million in Inflows
Ethereum ETFs also performed well; 9 purchased 220,702 ETH last week, equaling $873 million. This is according to the ETH price chart (blue line), which approached a $4,000 mark.
The charts show a strong rebound in Ethereum ETF holdings, more than 3 million ETH. The flow has increased significantly compared to earlier stagnation of Ethereum’s price. Meanwhile, investors’ confidence in Ethereum is soaring, especially since ETF products make entry for institutional funds easier.
Consistent Demand Points to Institutional Confidence
This rise in ETFs comes after Bitcoin ETFs also enjoyed a massive week with the addition of 27,525 BTC worth $2.74 billion and Ethereum ETFs adding 209,833 ETH valued at $826.7 million. Such consistent inflows establish the growing interest in crypto ETFs as the link between traditional and digital economies.
ETFs, therefore, offer institutional investors a legal and low-risk means of investing in crypto assets. Therefore, based on the graphs, Bitcoin and Ethereum have registered an upward trend alongside the ETF Inflows, showing a sign of good investment culture among investors.
