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Crypto ETFs Surge to $2.6B in Net Inflows Amid Institutional Demand

Guavy AI Editorial Team
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BTC
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The cryptocurrency market saw significant inflows into Bitcoin and Ether exchange-traded funds (ETFs) last week, with $1.92 billion flowing into Bitcoin ETFs and $697 million into Ether funds.

Blackrock's IBIT led the charge, attracting $1.33 billion in net inflows, followed by Fidelity's FBTC and ARK 21Shares' ARKB.

The influx of capital into Bitcoin ETFs pushed assets under management to $96.07 billion, a 25% increase from the previous week.

Ether ETFs also saw substantial gains, with inflows rising from $30.85 million on Monday to $184.93 million on Friday.

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