Bitcoin ETFs attracted almost $1 billion in a day, with investors favoring Bitcoin over altcoins.

From Investing.com

November 20, 2024 3:30:18 pm:

Bitcoin continues to reach new all-time highs, with $884.9 million injected into Bitcoin ETF issuers’ wallets in the past day. BlackRock’s IBIT Bitcoin ETF lost its top spot to ARK Invest, while Fidelity’s Wise Origin Bitcoin Fund came in second.

BlackRock holds 474,276 BTC, Fidelity has 194,078 BTC, and ARK Invest with 21 Shares holds 49,699 BTC. Ethereum is experiencing outflows of 26,071 ETH, equivalent to $81.16 million, as all attention and money flow into Bitcoin, leaving altcoins like Ethereum struggling.

The current market trend clearly shows a strong focus on Bitcoin, with altcoins like Ethereum facing challenges as investors flock to the leading cryptocurrency. Ethereum ETFs are experiencing outflows while Bitcoin ETFs continue to attract significant investments, indicating a continued bullish sentiment towards Bitcoin.

Read more at Investing.com: Bitcoin ETFs Attract Nearly $1 Billion in Just 24 Hours By U.Today