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Bitcoin ETFs Soar: Is This the Start of a New Crypto Bull Run?

  • Bitcoin ETFs have experienced a significant increase in inflows, reaching $235.2 million on October 8, indicating renewed investor confidence in the cryptocurrency market.
  • Fidelity’s Bitcoin ETF (FBTC) led with an inflow of $103.7 million, followed by BlackRock’s iShares Bitcoin Trust (IBIT) with $97.9 million.
  • The combined trading volume of all Bitcoin ETFs has grown to over $1.22 billion, showing strong institutional interest.
  • In contrast, Ethereum ETFs have experienced low inflows and stagnant activity, raising questions about investor sentiment towards altcoins.

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