Crypto ETFs See Renewed Interest as Bitcoin and Ethereum Rebound
After a series of losses, institutional investors are showing renewed interest in crypto. Bitcoin and Ethereum ETFs have seen significant inflows, reversing last weekS market crash.
Bitcoin ETFs added $102.6 million, with Fidelity’s FBTC leading the charge. Ethereum ETFs saw even stronger inflows, totaling $236.2 million, with Fidelity’s FETH attracting the most capital.
These inflows come as Bitcoin holds above $112,000 and Ethereum trades near $4,100. Total crypto ETF assets are nearing the $1 trillion mark, signaling a return of investor confidence.
On October 14, Bitcoin spot ETFs recorded $102.6 million in net inflows. fidelity’s FBTC added $133 million, followed by Bitwise’s BITB with $8 million.However,BlackRock’s IBIT and Valkyrie’s BRRR saw outflows totaling $44.85 million.
ethereum ETFs saw even stronger gains, with Fidelity’s FETH attracting $154.6 million. Grayscale’s ETH & ETHE saw $50 million in new investments.
These inflows come after a turbulent period for crypto ETFs. On October 13, Bitcoin-tracking funds saw $326.5 million in outflows, while ethereum ETFs lost $428.5 million.
Bitcoin is up 0.34% in the past 24 hours,trading at $112,431. ethereum is up over 20% from its post-crash lows, trading at $4,116.The market is now eyeing the $115,000-$120,000 range for Bitcoin and $4,250 for Ethereum.
Overall sentiment is improving, though still cautious. The crypto fear and greed index has moved closer to neutral territory, showing that optimism is starting to return.
