Record Inflows for US Crypto ETFs Amid Institutional Shift
TL;DR Summary
U.S. spot Bitcoin and Ethereum ETFs experienced record net inflows of $7.6 billion in November, driven by post-election momentum and increased institutional adoption. This marks a significant rise from February's previous record, with Ethereum ETFs, particularly BlackRock's ETHA, gaining traction. Despite Bitcoin's dominance in market cap, Ethereum outperformed Bitcoin in price growth during late November. The surge in ETF adoption coincides with Bitcoin nearing the $100,000 mark, although its dominance has recently declined as capital shifts towards altcoins.
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