Bitcoin ETFs See $769 Million Inflows Fourth Week Running Ether ETFs Gain $225 Million 11th Week Straight

Bitcoin and Ether ETFs have commenced the week with notable inflows, signaling a robust institutional interest in these digital assets. Bitcoin ETFs recorded net inflows of $769 million last week, marking the fourth consecutive week of positive flows. This trend underscores that institutional investors are persistently accumulating Bitcoin, despite market fluctuations. The total assets under management for U.S.-listed spot Bitcoin ETFs now amount to approximately 1.25 million BTC, valued at around $135 billion. This substantial holding represents nearly 6% of the total Bitcoin supply, highlighting the increasing institutional adoption of the cryptocurrency.

Ether ETFs have also witnessed significant inflows, with $225 million added in the past week. This marks the 11th consecutive week of inflows for Ether ETFs, demonstrating sustained interest from institutional investors. The technical analysis of Ether indicates a positive sentiment among traders, as the cryptocurrency has been maintaining above its 20-day exponential moving average of $2,507. However, to establish a new uptrend, bulls need to secure a daily close above $2,635, which could open the doors for a rally to the overhead resistance of $2,738. On the downside, a break and close below the 20-day exponential moving average would increase the risk of a drop to the solid support at $2,323.

The bullish sentiment surrounding Ether is not only driven by institutional investments but also by upcoming network upgrades. These upgrades are expected to enhance the network's scalability and efficiency, making it more attractive to investors and users. The combination of positive news flow, a change in investor sentiment, and steady ETF buying could help Ether rally above the $2,700 mark, securing a close above this level and potentially driving its price even higher. According to the analyst's forecast, Ethereum ETFs could see inflows of up to $10 billion by 2025, further bolstering the cryptocurrency's price trajectory.

The strong inflows into Bitcoin and Ether ETFs reflect the growing institutional confidence in these digital assets. Despite market volatility, institutional investors continue to accumulate Bitcoin and Ether, indicating a long-term bullish outlook. The sustained interest in these cryptocurrencies is likely to drive further price appreciation and adoption in the coming years.