BTC and ETH ETF Inflows Hit 10-Month High Amid Institutional Demand Surge
The Bitcoin exchange-traded funds (ETFs) have seen significant inflows of nearly $2 billion in the past five business days, according to recent data. This surge is a clear indication of renewed institutional demand for crypto ETFs.
This influx of fresh funds has also boosted adoption and fundraising momentum, which could potentially put upward pressure on BTC token performance. The Ethereum counterparts have also set a multi-month peak with about $700 million added in the same timeframe.