Bitcoin ETFs remove nearly five times daily supply as Ethereum ETFs see strong rebound – FXStreet
Bitcoin ETFs have recently been in the spotlight as they continue to attract significant attention from investors. These ETFs have been removing nearly five times the daily supply of Bitcoin from the market, indicating strong demand for the cryptocurrency.
On the other hand, Ethereum ETFs have seen a strong rebound in recent weeks. After a period of stagnation, these ETFs are now gaining traction and attracting more interest from investors.
Overall, the cryptocurrency market continues to be highly volatile, with Bitcoin and Ethereum remaining popular choices for investors looking to diversify their portfolios. The increasing popularity of ETFs in this space is a clear indication of the growing mainstream acceptance of cryptocurrencies as a legitimate asset class.