Crypto Market Sees Broad Rally as $827M Flows into ETFs
The crypto market is experiencing a broad rally as evidenced by significant inflows into various exchange-traded funds (ETFs). According to Pluang, Bitcoin ETFs drew in $606.29 million on Thursday, with Blackrock's IBIT fund capturing 82% of the inflows.
Ether ETFs added $220.77 million, while other crypto ETFs like Solana, XRP, and HYPE also saw positive inflows.
Total bitcoin ETF assets reached $90.16 billion, indicating strong investor interest amid Bitcoin's price rally above $70,000.