October 4, 2024 ETF Flows: Bitcoin and Ethereum ETFs See Significant Inflows

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

**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.