Introduction
Bitcoin (BTC) and Ethereum (ETH) ETFs had a strong week. Meanwhile, both hit major milestones as institutional demand grew. Specifically, Bitcoin ETFs reached a record $112.74 billion in net assets. At the same time, Ethereum ETFs set new weekly inflows of $836.69 million. Altogether, these achievements highlight the growing confidence in digital assets.
Bitcoin ETFs Reach New Highs
Bitcoin ETFs performed well last week, with total inflows reaching $2.73 billion. Notably, BlackRock’s IBIT, the largest Bitcoin ETF, led the way with $2.6 billion. Clearly, this shows rising demand from big investors. Meanwhile, Bitcoin’s price stabilized near $97,742 after passing the $100K mark. Importantly, the 50-day moving average crossing above the 200-day moving average formed a golden cross. As a result, this is a strong signal of more upward movement. Meanwhile, the RSI of 59 shows Bitcoin is in a stable range. This leaves room for further gains while keeping price action steady.
Ethereum ETFs Hit New Records
Ethereum ETFs also performed strongly. Weekly inflows hit $836.69 million, their highest ever, and total assets under management (AUM) climbed to $13.6 billion. This is the first time Ethereum ETFs have seen two weeks of positive inflows. On December 5, daily net inflows reached $428.44 million, another record for Ethereum. The inflows show rising trust in Ethereum’s potential. Its role in DeFi and smart contracts attracts long-term investors.
Ethereum Price Matches ETF Growth
Ethereum’s price touched $4,000 before pulling back to $3,826. Despite the drop, its technical indicators remain bullish. Meanwhile, the RSI of 62.4 shows Ethereum is close to overbought levels. However, it still has room to climb. The strong inflows align with Ethereum’s price momentum. This highlights growing investor confidence in its long-term growth.
A Major Moment for Bitcoin and Ethereum ETFs
Bitcoin and Ethereum ETFs are breaking records. Bitcoin ETFs, with $112.74 billion in net assets, confirm Bitcoin’s strength as a store of value. Meanwhile, Ethereum ETFs show its growing role as a high-potential growth asset. These trends show the rising acceptance of digital assets. Record inflows prove that cryptocurrencies are becoming a key part of traditional financial markets.
Conclusion
Bitcoin ETFs remain the top choice for stability. At the same time, Ethereum ETFs highlight strong growth potential. Both assets are seeing record inflows and rising demand. This momentum shows that digital assets are moving further into mainstream finance.
