The cryptocurrency markets continue to witness record-breaking institutional interest. Since the launch of Bitcoin ETFs in January 2024, the funds have attracted a staggering $49.3 billion in inflows. BlackRock’s IBIT fund has maintained its dominance in the Bitcoin ETF market, recording a net inflow of $112.3 million on the last day, accounting for 81% of the total $3.8 billion inflows over the past 15 days. Ethereum ETFs have also performed well, with Fidelity’s FETH fund leading the charge with $25.7 million in net inflows on Monday. Despite the recent price pullback, experts suggest that the slowing pace of ETF inflows may raise doubts about Bitcoin’s ability to reach new all-time highs in the near term, indicating a potential cooling of short-term institutional enthusiasm.
