Reported 1 day ago
Last week, Bitcoin and Ethereum ETFs attracted a significant $1.9 billion in assets amid growing optimism surrounding a possible rate cut by the Federal Reserve. Bitcoin dominated the inflows with $977 million, particularly benefiting the iShares Bitcoin Trust and BlackRock’s Bitcoin fund. This surge brought total assets under management to $40.4 billion for the year, with additional gains noted in XRP and Solana investments. However, this positive momentum faced challenges this week as liquidations for Dogecoin, Solana, and Ethereum surged to $1.7 billion amid falling prices.
Source: YAHOO