Bitcoin and Ether ETFs Rally as Powell Hints Easing Cycle
Visit this link to make money with cryptos with our Expert trading team and get a chance to win Free bitcoin and other cryptocurrencies – https://telegram.me/binancefuturesignal
US spot Bitcoin and Ether ETFs reversed course with fresh inflows after a wave of outflows following the recent market meltdown.
US spot Bitcoin and Ether exchange-traded funds (ETFs) saw inflows on Tuesday as Federal Reserve Chair Jerome Powell hinted further rate cuts may come before year-end.
Spot Bitcoin ETFs saw $102.58 million in net inflows, rebounding from a $326 million outflow a day earlier, according to data from SoSoValue. Fidelity’s Wise Origin Bitcoin Fund (FBTC) led gains with $132.67 million in inflows, while BlackRock’s iShares Bitcoin Trust (IBIT) posted a modest outflow of $30.79 million.
Total net assets across all spot Bitcoin ETFs reached $153.55 billion, representing 6.82% of Bitcoin’s market cap, while cumulative inflows stood at $62.55 billion.
Ether ETFs mirrored the turnaround, recording $236.22 million in net inflows following Monday’s steep $428 million outflow. Fidelity’s Ethereum Fund (FETH) topped the list with $154.62 million, followed by Grayscale’s Ethereum Fund and Bitwise’s Ethereum ETF with $34.78 million and $13.27 million, respectively.
Binance Futures platform shares the same infrastructure as you would find with their spot trading exchange, Binance.
Integrating our Cornix trading Bots with your Binance Futures account is quick and easy. It takes only a few minutes to configure and best of all, you never have to give anyone withdrawal permissions.
Use the Binance Futures Cornix trading Bot to make daily profit.
Comments
Post a Comment