{"id":4343,"date":"2024-12-17T12:15:39","date_gmt":"2024-12-17T12:15:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=4343"},"modified":"2024-12-17T12:15:39","modified_gmt":"2024-12-17T12:15:39","slug":"bitcoin-ethereum-etfs-see-688m-net-inflows-analysts-target-124000","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=4343","title":{"rendered":"Bitcoin, Ethereum ETFs See $688M Net Inflows, Analysts Target $124,000"},"content":{"rendered":"<div>\n<p><strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) and <strong>Ethereum <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) spot ETFs recorded significant inflows on Dec. 16, signaling strong institutional interest amid a bullish outlook for <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/12\/42511716\/bitcoin-as-neutral-reserve-asset-could-overhaul-financial-system-says-analyst\">the crypto market.<\/a><\/p>\n<p><strong>What Happened: <\/strong>The total net inflow for Bitcoin spot ETFs reached $637 million, marking 13 consecutive days of positive inflows, according to <a href=\"https:\/\/sosovalue.com\/assets\/etf\">data<\/a> from <strong>SoSo Value<\/strong>.<\/p>\n<p><strong>BlackRock<\/strong>&#8216;s (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/IBIT#NASDAQ\">IBIT<\/a>) Bitcoin ETF led the day with $418 million in net inflows.<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/money\/what-is-ethereum-etf#:~:text=An%20Ethereum%20ETF%20is%20designed,owning%20the%20digital%20asset%20itself.\">Ethereum spot ETFs<\/a> saw inflows of $51.1 million, continuing a 16-day streak, with <strong>BlackRock<\/strong>&#8216;s (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/ETHA#NASDAQ\">ETHA<\/a>) ETF contributing $30.7 million.<\/p>\n<p>Experts believe this trend reflects growing confidence in digital assets. <\/p>\n<p>Speaking with Benzinga, Avinash Shekhar, co-founder and CEO of Pi42 said Bitcoin\u2019s rise to its new all-time high this Monday of $107,700 is a significant moment for the crypto market, &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/12\/42526592\/bitcoin-ethereum-etfs-see-688m-net-inflows-analysts-target-124000\" alt=\"Bitcoin,\" ethereum etfs see net inflows analysts target>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) spot ETFs recorded significant inflows on Dec. 16, signaling strong institutional interest amid a bullish outlook for the crypto market. What Happened: The total net inflow for Bitcoin spot ETFs reached $637 million, marking 13 consecutive days of positive inflows, according to data from SoSo Value. BlackRock&#8216;s (NASDAQ:IBIT) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-4343","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4343"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4343\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}