**ETF Flows on October 4, 2024: Positive Trends for Crypto Investors**
On October 4, 2024, the cryptocurrency market witnessed encouraging developments as Bitcoin and Ethereum exchange-traded funds (ETFs) recorded significant inflows. Bitcoin ETFs attracted a notable net inflow of $25.6 million, reflecting a growing investor confidence in the leading cryptocurrency. This increase highlights sustained interest in Bitcoin as a viable asset class amid a volatile market landscape.
In addition, Ethereum ETFs also showed strong performance, with a net inflow of $7.4 million. This optimism around Ethereum suggests that investors are seeking exposure to the second-largest cryptocurrency, buoyed by evolving use cases and ongoing developments in the blockchain space.
Overall, these inflows indicate a promising trend for both Bitcoin and Ethereum ETFs, suggesting a revitalization of interest in crypto investment products. Investors are increasingly turning to ETFs as a means to gain exposure to these digital assets without directly holding them, further institutionalizing the cryptocurrency market.
Source: https://en.coinotag.com/breakingnews/october-4-2024-etf-flows-bitcoin-and-ethereum-etfs-see-significant-inflows/