In brief
- Bitcoin and Ethereum ETFs attracted $1.9 billion in net inflows last week, driven by investor optimism following the Federal Reserve’s first rate cut of the year.
- BlackRock’s iShares Bitcoin Trust dominated with $866 million in deposits, while XRP and Solana ETPs also saw strong demand at $69.4 million and $127.3 million respectively.
- Despite last week’s gains, crypto markets faced a sharp reversal Monday morning with $1.7 billion in liquidations across major tokens including Dogecoin, Solana, and Ethereum.
Bitcoin and Ethereum ETFs attracted $1.9 billion in the past week as investors grew upbeat over the Federal Reserve’s first rate cut this year—and the possibility of more.
Bitcoin accounted for the bulk of the inflows with $977 million worth of net deposits. Among the Bitcoin ETFs, iShares Bitcoin Trust, which trades under the IBIT ticker, drew the lion’s share. BlackRock’s flagship Bitcoin fund pulled in $866…
