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Crypto ETF News: Bitcoin Leads as ETF Demand Rebounds
Crypto ETF Inflows Surge as Bitcoin, Ethereum and XRP See Fresh Demand
Today's tape was anything but quiet. The whole market woke up green, and crypto ETF news flows followed right behind it.
Global market cap sat at $2.37 trillion, up 7.97% on the day, per CoinMarketCap. The CMC20 index, which tracks the top 20 cryptocurrencies, jumped 9.27% to $143.26.
Liquidations spiked hard too, at $3 billion over 24 hours, up 1,675.53% from the prior day, a sign of just how many short positions got caught offside as prices ripped higher. Bitcoin cleared $69,000.
Ethereum surged past $2,240. XRP pushed back above $1.10. That broad rebound carried straight into ETF's flow.
Spot bitcoin ETFs saw $517.2 million in net inflows, the largest single-day net inflow for the ETFs since May 4, according to The Block.
• Ethereum ETFs pulled in $189.15 million, led by BlackRock's ETHA, as ETH's price jumped 17.38%.
• XRP ETFs added a modest $2.35 million, even as XRP's price rose over 10% on the
day.
• Bitwise's Solana ETF also logged $1.6 million in net inflows yesterday, per CryptoCurb.#BTCBreaks71000Up10.5% #ETHSurges20%BreaksThrough2300 #BTCETHReboundTradeIdeas #USTreasuryBuybacksAndRegulatorySignalsDriveCryptoSurge #StrategySurgesNearly12% $BTC $ETH $XRP