Crypto ETFs Surge with $5 Billion Inflows Amid Growing Institutional Appetite

Crypto exchange-traded funds (ETFs) saw significant demand last week, with Ethereum and other altcoin-focused ETFs experiencing strong inflows.

The U.S. spot Bitcoin ETF recorded $924.5 million in weekly inflows, down from the previous week's $1.92 billion.

Ethereum ETFs saw even stronger inflows, reaching $824.4 million compared to $697.2 million the week prior.

Nate Geraci, President of NovaDius Wealth Management, noted a strong uptick in demand for crypto ETFs, with these investment vehicles attracting a total of $5 billion in net inflows last week.