Cryptocurrency funds continue to receive huge investments

Bitcoin and Ethereum Receive Massive Fund Inflow

 

Global cryptocurrency exchange-traded funds (ETFs)

 continue to receive massive investments. 

Bitcoin ETFs have received new investments exceeding $157 million.

BlackRock's IBIT fund has received investments exceeding $145 million,

 cementing its position as the largest ETF.

Ethereum has received new investments exceeding $65 million,

 bringing net investments in the ETHA fund to over $130 million in two weeks.

Despite the strong inflows in recent weeks, 

the cryptocurrency market has witnessed a stagnation in recent days,

 indicating a potential correction and profit-taking before a resurgence.

It's worth noting that these investments are supported by the ratification of the Genius Act,

 which was passed in recent days and is expected to provide the cryptocurrency market 

with further strong financial flows in the coming weeks.