Bitcoin ETFs Draw Strong Institutional Interest

The cryptocurrency market has experienced diverse movements, with significant inflows into BlackRock's and Fidelity's Bitcoin ETFs, indicating strong institutional interest. BlackRock's ETF recorded a $107.9 million inflow, and Fidelity's saw $97.1 million, contributing to price increases and trading volume spikes. WisdomTree experienced a $5.1 million outflow, reflecting some ETF market volatility. Overall, Bitcoin led the market recovery with $724 million in inflows, while Ethereum saw $86 million in outflows, highlighting mixed sentiment in altcoins. The U.S. has been the primary source of these inflows, with BlackRock's iShares Bitcoin Trust playing a significant role. Solana and XRP have attracted attention due to upcoming ETFs and regulatory developments.