• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Saturday, May 31, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Bitcoin Leads ETF Growth as Ethereum Gains

James Woods by James Woods
December 9, 2024
in Featured, News
Reading Time: 3 mins read
0
#image_title

#image_title

Share on TwitterShare on Facebook

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.

Bitcoin
Source: TradingView

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.

Source: TradingView

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.

Tags: bitcoinbitcoinetfBlockchainbtcpricecryptocurrencyCryptoMarketCryptoTradingdigitalassetsETFsEthereumethereumetfethpriceinflowsinstitutionaldemandmarketmomentum
Previous Post

Baby Doge Rallies After Musk Post

Next Post

Ethereum Nears Key Bullish Levels

Related Posts

Featured

Netflix Casts Leads for FTX Drama

May 30, 2025
Featured

Trump’s Meme Coin Dinner Under Investigation

May 29, 2025
Altseason Is Here—But Only for a Few Minutes
News

Altseason Is Here—But Only for a Few Minutes

May 28, 2025
Bitcoin Shakes as Trump Talks Tariffs Again
Featured

Bitcoin Shakes as Trump Talks Tariffs Again

May 27, 2025
Bitcoin Price Prediction For The Holiday—Breakout or Breakdown Coming
Market Analysis

Bitcoin Price Prediction For The Holiday—Breakout or Breakdown Coming

May 26, 2025
Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?
News

Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

May 25, 2025

Press Releases

Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?
News

Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

by Alex Mercer
May 25, 2025

Introduction It seems the U.S. labor market has hit a pothole—again. The Kansas City Fed’s Labor Market Conditions Index (LMCI)...

Read more
Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

May 23, 2025
Dogecoin’s Ready to Bark Again—Could $0.30 Be the Next Fetch?

Dogecoin Ready to Bark Again—Could $0.30 Be Next

May 20, 2025
Ethereum Climbs While PEPE Reloads—Who's About to Explode

Ethereum Climbs While PEPE Reloads—Who’s About to Explode?

May 18, 2025
Trump Meme Coins Spark Calls for Treasury Review

Trump Meme Coins Spark for Treasury Review

May 15, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier