On January 6, 2025, spot bitcoin and ether ETFs experienced a robust inflow of $1.1 billion, led by Fidelity and Blackrock, following a previous outflow of $277.9 million on January 2. Bitcoin ETFs attracted $987 million, while ether ETFs garnered $128.7 million, reflecting renewed investor confidence in crypto assets. Notably, Fidelity’s FBTC and Blackrock’s IBIT were the top contributors, with inflows of $370.24 million and $209.08 million, respectively.
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0 posts last weekEthereum Faces Critical Test Amid Pending SEC Approval for ETF
Ethereum’s price fell below $3K amid uncertainty, with pending SEC decisions on spot Ethereum applications. Positive statistics indicate potential for a rally towards $3,200, but a failure to maintain current conditions could lead to a drop below $2,800, impacting investor perception. Ark Invest and 21 Shares revised their Ethereum ETF proposal to exclude specific staking details, highlighting potential hazards associated with staking.
read moreDeadline Set for Final Changes to Bitcoin ETF Filings, Approval Expected in January
The United States Securities and Exchange Commission (SEC) has set a deadline of December 29, 2023, for final changes to spot Bitcoin ETF filings. Industry watchers are hopeful for an approval in January 2024, which could lead to a significant rally in the price of Bitcoin.
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