Institutional Investors Drive Major Inflows into Crypto ETFs
- Bitcoin ETFs attracted $433.03 million on Friday, with Fidelity’s FBTC leading at $310.72 million.
- Ether ETFs saw $143.80 million in net inflows, led by Blackrock’s ETHA with $114.32 million.
- Solana ETFs gained $47.62 million, all directed to Bitwise’s BSOL fund.
- Zcash ETF market drew strong interest with Grayscale’s ZCSH attracting $37.67 million.
- Bitcoin price rose above $80,000 amid increased institutional demand.
Institutional investors showed renewed interest in cryptocurrency ETFs, significantly boosting net assets across major digital assets like Bitcoin and Ether on Friday, September 18th. This surge coincided with Bitcoin’s price recovery above the $80K mark after a volatile week.
The influx of capital into crypto funds highlights the growing confidence among institutional investors in digital assets as viable investment vehicles, particularly as Bitcoin continues to lead the market rally.(Source)
