Bitcoin (BTC) and Ethereum (ETH) had an excellent day on all fronts yesterday. The races colored bright green and also their own American listed funds brought in with money. Investors have deposited more than 1 billion dollars, and that has not happened for a while.
Best day in a month and a half
The funds that follow the Bitcoin course raised 518 million dollars and the funds that follow the Ethereum price even $ 546.9 million. Together this brings a net inflow of 1,064.9 billion dollars. Converted, we are talking about an amount of more than 907 million euros.
Yesterday was the most successful trading day since 11 August. That day, the Ethereum funds won a personal record with an unprecedented inflow of $ 1,018.8 billion.
The best day in about a month and a half. And it feels even better because the products were in a somewhat lesser shape in the past two weeks. For Ethereum this is a considerable understatement. Last week was the worst week since the launch with an outflow of $ 795.8 million.
The Ethereum ETFs were launched last July and have now seen nearly $ 13.7 billion flowing in. The Bitcoin ETFs made their debut last January and have already welcomed more than $ 57 billion. BlackRock has the largest fund for both Bitcoin and Ethereum, and has broken countless records.
ETH in the shadow of BTC
For months, the ETH funds have performed better than the BTC funds, but in recent weeks it has been as usual. The underlying Ethereum Koers has also been shining behind Bitcoin for a while.
On August 23, Ethereum reached a peak opposite Bitcoin. After that the graph dropped a bit. Where you could first get 0.043 BTC per ETH, that is now 0.0367 BTC. It could go a little further down, but if we zoom out, the trend is still clearly up.
Source: https://newsbit.nl/geweldige-dag-voor-bitcoin-en-ethereum-etfs-ruim-1-miljard-instroom/
