Bitcoin and Ethereum ETFs saw $1.9 billion inflows following the Federal Reserve’s first rate cut this year. iShares Bitcoin Trust and BlackRock’s Bitcoin fund led the way. Crypto funds now hold $40.4 billion in assets, approaching last year’s $48.6 billion inflows.
XRP and Solana ETPs attracted $69.4 million and $127.3 million respectively. SOL gained institutional interest with a $1 billion treasury from Forward Industries. Grayscale’s ETF, including XRP and Solana, debuted on Wall Street, boosting altcoins. Market sees $1.7 billion liquidations for Dogecoin, Solana, and Ethereum.
Crypto market downturn sees Dogecoin, Solana, and Ethereum liquidations hit $1.7 billion. Ethereum’s future uncertain as market predicts $5,000 or $3,500 first. Ethereum trading at $4,206.41, down 6% in the past day. Predictors split on Ethereum’s next move.
Read more at Yahoo Finance: Bitcoin, Ethereum ETFs Drew $1.9 Billion in Assets Last Week Amid Rate Cut Optimism
