US spot Bitcoin ETFs see biggest inflows since March, spot Ether ETFs launch

Today’s focus is on the launch of the spot Ether ETFs in the US, but Bitcoin cannot be ignored. Yesterday, US-based spot Bitcoin ETFs saw their best day of inflows since March, when the asset set new all-time highs. Debate is also raging around the levels of investment the new spot Ether ETFs will attract in the coming months. Will they mimic the success of the Bitcoin ETFs, or will it be “underwhelming,” as some predict? In other news, the WazirX exchange hack threatens to affect India’s crypto industry, and Asia’s first inverse Bitcoin ETF launches in Hong Kong.

Further reading:

• BlackRock Bitcoin ETF records biggest inflow day since March at $523M
• Bitcoin trader warns of local BTC price top after $530M ETF inflows
• Ethereum price will be ‘sensitive’ to ETF inflows in the coming days — Kaiko
• $235M WazirX exchange hack has implications for India’s crypto industry
• Hong Kong to launch Asia’s first inverse Bitcoin ETF

References:

• India, Nigeria, Thailand top Chainalysis’ 2023 Global Crypto Adoption Index

So, grab yourself a coffee, and let’s get into it!

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