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⛓️ Crypto🟢 BullishImportance 7/10
Institutional Crypto ETF Inflows Surge Led by Bitcoin and Ethereum
🤖AI Summary
Institutional crypto ETF inflows surged 149% to $242 million between March 10-11, driven primarily by Bitcoin and Ethereum. Bitcoin ETFs accumulated 3,610 BTC, absorbing nearly eight days of mining supply, while Ethereum reversed previous outflows with $12.6 million in inflows.
Key Takeaways
- →ETF inflows jumped 149% to $242 million in just one day from March 10 to March 11.
- →Bitcoin ETFs accumulated 3,610 BTC, equivalent to nearly eight days of newly mined supply.
- →Ethereum ETFs reversed previous outflows with $12.6 million in net inflows on March 11.
- →Altcoin ETFs showed mixed performance with several reporting zero flows.
- →The surge indicates strong institutional demand returning to crypto markets.
Mentioned Tokens
$BTC$70,563▲+0.7%
$ETH$2,066▲+1.3%
Non-custodial · Your keys, always
#etf#bitcoin#ethereum#institutional-flows#crypto-etfs#market-inflows#btc#eth#institutional-investors
Read Original →via Blockonomi
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