Bitcoin and Ethereum ETFs Attract Record Inflows; bullish Charts Signal Upside Potential
On September 12, Bitcoin and Ethereum spot ETFs drew a massive $1.048 billion in net inflows. This impressive figure showcases a critically important boost in institutional interest as their inception.
- Bitcoin etfs collected $642 million, elevating total net inflows to $56.8 billion.
- Ethereum ETFs reversed a recent downturn wiht $405 million in inflows, amounting to $13.36 billion overall.
Ethereum ETFs are displaying a robust resurgence in investor confidence.After suffering a $787.74 million outflow previously, these funds welcomed nearly $638 million on September 12 alone. Such a swift change highlights fluctuating yet optimistic institutional sentiment towards Ethereum.
For Bitcoin ETFs, weekly inflows reached $2.34 billion, reflecting robust institutional backing.The total trade volume stood at an impressive $16.65 billion. this performance is a marked improvement over the prior weekβs $246.42 million influx.
Technical analysts offer promising insights too. Ethereumβs bounce back to the $4,700 level sets sights on $4,880 resistance.Analyst Ted predicts a new all-time highεθ₯this barrier isηͺη ΄.Ted says, ζ€θ¨δΈθ―ηηΌηε¨THUι‘΅ι’δΈζΈ ζ°ζ θ――ζΎη€Ίγ
Failure to surpass this critical threshold might lead to a market correction. Conversely, Bitcoin regaining its eight-year trendline signals bullish momentum. BitBull believes this strengthens prospects for an all-time high within weeks.
