Crypto Funds See Surge in Inflows Amid Market Rally

Bitcoin exchange-traded funds (ETFs) attracted $608.3 million in net inflows on Thursday, marking their fourth consecutive day of positive growth.

This influx pushed weekly inflows above $1.6 billion and boosted August's net inflows to $2.07 billion, exceeding April's previous high of $1.97 billion with seven trading sessions remaining this month.

Bitcoin itself saw a 7.9% increase in value over the past 24 hours, trading at $75,133, while Ether gained 4.6% to about $2,357.

Ether spot ETFs experienced their largest single-day intake since October, drawing in $220.8 million on Thursday and pushing total net assets to $13.58 billion.