Bitcoin and Ethereum ETFs Continue Winning Streak

Bitcoin (BTC) and Ethereum (ETH) continue to attract significant inflows into exchange-traded funds (ETFs), with BTC attracting inflows for 10 days straight and ETH following suit for 13 days. BTC spot ETFs have received inflows exceeding $4 billion over the past 10 days, with the 12 U.S. BTC ETFs collectively attracting $233 million on Dec. 11 alone, according to SoSo Value data. Meanwhile, ETH spot ETFs have maintained their momentum, amassing more than $1.9 billion in inflows over the past 13 days, including $102 million on Dec. 11. The consistent inflows into BTC and ETH spot ETFs underscore growing investor confidence in the long-term potential of cryptocurrencies, driven by increasing institutional adoption and market optimism, experts say. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io