CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
crypto.news 2024-11-29 07:12:29

Bitcoin ETFs lagged behind Ether ETFs ahead of Thanksgiving

Spot Bitcoin exchange-traded funds in the U.S. have experienced significantly lower inflows compared to their Ethereum counterparts during the last four trading days, from Nov. 22 to the day before Thanksgiving. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $32.2 million in inflows over the last four trading days between Nov. 22 and Nov. 27, which stood significantly lower than the $224.8 million inflows recorded by the nine spot Ethereum ETFs over the same period. The interesting scenario comes as Bitcoin saw a 2.7% drop in its price over the last 7 days compared to a 5.3% Ether price rally over the same period. Depending on how trading unfolds on Nov. 29, U.S. Ether funds might outpace spot Bitcoin ETFs in weekly net inflows for the first time. Despite the recent slowdown in inflows, spot Bitcoin ETFs have still achieved a record-breaking month, with over $6.2 billion in net inflows for November, surpassing the previous record of $6.2 billion set in February, market commentator Nate Geraci noted in an X post . You might also like: Cardano’s Hoskinson believe Bitcoin will surpass $250,000 Notably, the BTC ETFs recorded their highest inflow week between Nov. 18-22 when the ETFs saw $3.38 billion in inflows pushing Bitcoin towards its all-time high of $99,645 towards the end of last week. Meanwhile, the recent surge in inflows into Ether ETFs is likely linked to Ethereum’s price rally, which may have been influenced by crypto privacy mixer Tornado Cash’s partial victory in U.S. courts. Additionally, investor interest in Ethereum may have increased following reports that former SEC commissioner and crypto advocate Paul Atkins is now the leading candidate to replace Gary Gensler as SEC Chair. This development has heightened expectations of a more favorable regulatory environment for the DeFi space under a Donald Trump-led U.S. administration. At press time Bitcoin ( BTC ) was up 0.6% in the last 24 hours, exchanging hands at $96,279 while Ethereum ( E TH ) was down 0.9% trading at $3,570 per coin. Read more: QCP Capital: Ethereum eyes 35% rally as spot ETF inflows hit $90m

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.