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Bitcoin and Ethereum ETFs saw over $1.1 billion in combined inflows on Monday, with Bitcoin rising above $100,000 for the first time since December. Spot Bitcoin ETFs attracted $978.6 million, led by Fidelity’s FBTC fund, while Ethereum ETFs generated $128.7 million, primarily from BlackRock’s ETHA fund. This surge reflects renewed institutional confidence, bolstered by MicroStrategy's $100 million Bitcoin purchase, although Ethereum's momentum remains insufficient to surpass $4,000.
Bitcoin's price fell below $93,000, marking its lowest point in nearly a month, as a Santa Claus rally failed to materialize amid a hawkish Federal Reserve stance on interest rates. Institutional activity is expected to decline, leading to reduced volatility, while Metaplanet made headlines with a significant purchase of 619.7 Bitcoin for $60.5 million, bringing its total holdings to 1,761.98 Bitcoin.
Ethereum ETFs experienced a significant inflow of $151 million, continuing a 16-day positive streak, while Bitcoin ETFs added $494 million. Analysts speculate that a potential Trump administration could boost demand for staking in Ethereum ETFs, contributing to institutional interest. Despite recent inflows, both Ethereum and Bitcoin saw a 3% price drop, with ETH trading at $3,835.
Ethereum's price projection could drop to $7,300 by 2030, reflecting changing fundamentals, while institutional demand has surged, with BlackRock's Ethereum ETF attracting $1.5 billion in just 16 days. Despite recent inflows, concerns linger over the impact of layer-2 networks on Ethereum's market value.
Valentin Fournier
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Bitcoin and Ethereum ETFs see over one billion dollars in daily inflows
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