Bitcoin and Ethereum ETFs See Record Inflows Amid Cautious Market
Despite a lack of price movements among leading digital assets, institutional interest in Bitcoin and Ethereum remains strong. According to recent data, BlackRock's IBIT and ETHA led over $260 million in fresh ETF capital into these two cryptocurrencies.
The total crypto market capitalization rose to approximately $2.19 trillion, while the Fear and Greed Index remained at 38 points, signaling cautious investor sentiment.
US spot BTC ETFs recorded another day of positive flows, with total net inflows reaching $211.5 million, led by BlackRock's IBIT attracting $170.3 million. Fidelity's FBTC also saw significant new capital, at $19.6 million.