spotlight in the USA Bitcoin 
$66,872 and Ethereum 
$2,522 Demand for ETFs continues to grow with strong net inflows. According to data on October 24, 2024, a total net inflow of 187.5 million dollars was recorded in spot Bitcoin ETFs and 2.3 million dollars in spot Ethereum ETFs.
Strong Rise in Bitcoin ETFs
The 11 spot Bitcoin ETFs in the US posted positive net inflows for the second day in a row as of October 24. BlackRock‘s iShares Bitcoin Trust (IBIT) ETF continues to lead as the fund with the most inflows for eight consecutive days. IBIT 2 thousand 436 units yesterday BTC Withdrawing (about $165 million), it now holds more than 2 percent of the total supply with an asset of 399 thousand 355 BTC ($27.16 billion).
While 8 of the remaining 10 ETFs had no net inflows, the spot Bitcoin ETF‘s total net inflow reached $21.57 billion at the end of 199 trading days.
Limited Interest in Ethereum ETFs
Spot Ethereum Although positive net inflows continue in ETFs, there has been a weak increase in the last two days. Only BlackRock’s iShares Ethereum Trust (ETHA) ETF received net inflows yesterday, while the other 8 Ethereum ETFs recorded no net inflows. Total net inflows for spot Ethereum ETFs in the US were minus $478 million after 67 trading days.
On the other hand, spot Bitcoin ETFs in the US are on track to reach a total of approximately 1 million BTC within 10 months of being traded. Currently, the funds hold a total of 967 thousand 459 BTC. If demand continues, these ETFs will soon exceed the holdings of Satoshi Nakamoto, who is thought to have assets of 1.1 million BTC. BlackRock’s iShares Bitcoin Trust ETF, one of the largest players in the industry, currently holds 396 thousand 922 BTC, while Binance holds 636 thousand BTC on behalf of its customers.
in the USA cryptocurrencyThe increase in corporate interest in companies has the potential to change the dynamics of the market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
