Crypto:
31594
Bitcoin:
$62.233
% 1.00
BTC Dominance:
%56.9
% 0.17
Market Cap:
$2.17 T
% 3.11
Fear & Greed:
41 / 100
Bitcoin:
$ 62.233
BTC Dominance:
% 56.9
Market Cap:
$2.17 T

October 1 Bitcoin and Ethereum ETF Data

Bitcoin Etfs

On October 1, 2024, Bitcoin and Ethereum ETFs saw notable but divergent trends in inflows and outflows. Bitcoin ETFs recorded impressive gains, bringing in over $1.1 billion for the week. The biggest contributors were BlackRock’s iShares Bitcoin Trust and the ARK 21Shares Bitcoin ETF, with inflows of $499 million and $289.5 million, respectively. These ETFs saw heightened activity, likely influenced by broader market trends and rising interest in Bitcoin as the U.S. Federal Reserve’s recent decisions fueled optimism​.

On the other hand, Ethereum ETFs, while showing a significant uptick, saw comparatively lower inflows. With $84.6 million in new investments, Ethereum ETFs hit their highest inflow since early August, yet they continued to trail behind Bitcoin. Despite short-term price drops in Ethereum, the ETF maintained positive momentum, with signs of bullish sentiment remaining due to its positioning above key technical indicators.

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This disparity between Bitcoin and Ethereum can be attributed to Bitcoin’s first-mover advantage and its dominant market share. While Ethereum is experiencing growth, Bitcoin’s entrenched position continues to draw the majority of institutional investment interest.

Resim 2024 10 01 100426602

These trends reflect the ongoing market dynamics, where Bitcoin’s ETFs lead the pack, but Ethereum is starting to gain traction as a secondary option for crypto-focused investors.


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