Bitcoin Ethereum ETFs Surge 15% Driving Crypto Market Rally
Record inflows into Bitcoin and Ethereum ETFs have significantly bolstered the prices of these two leading cryptocurrencies, reflecting a surge in institutional interest and confidence in digital assets. On July 10-11, U.S. Bitcoin and Ethereum ETFs attracted over $1.5 billion in investments, with BlackRock and Fidelity leading the charge. This substantial capital injection has driven Bitcoin’s price above $116,000 and Ethereum’s price to new heights, underscoring the growing institutional demand for these assets.
The influx of capital into these ETFs has been a key driver behind the recent rally in the crypto market. Bitcoin ETFs alone attracted $1.17 billion in net inflows, while Ethereum ETFs drew in $383 million. This surge in…
