Bitcoin and Ether ETFs Saw Big Inflows Tuesday as Investors Bought DipBitcoin (BTC) and ether (ETH) prices dropped sharply on Tuesday, but that didn’t stop investors from pouring cash into crypto funds.
Spot bitcoin exchange-traded funds (ETFs) took in $876 million, according to data from Farside Investors. Combined with $1.2 billion in inflows on Monday as investors reacted to new record price over the weekend, the BTC funds have drawn in a fresh $2 billion in just the first two days of thew eek.
Ether ETFs, meanwhile, also saw a wave of demand, pulling in $420 million Tuesday, their strongest day of inflows this month. For the first two days of the week, the ETH funds have pulled in more than $600 million.
The wave of cash came as prices fell sharply, with bitcoin dropping 2.7% and ether by 5%.
Source:
Bitcoin and Ether ETFs Saw Big Inflows Tuesday as Investors Bought Dip
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