Bitcoin (BTC) and ether (ETH) prices dropped sharply on Tuesday, but that didn’t stop investors from pouring cash into crypto funds.
Spot bitcoin exchange-traded funds (ETFs) took in $876 million, according to data from Farside Investors. Combined with $1.2 billion in inflows on Monday as investors reacted to new record price over the weekend, the BTC funds have drawn in a fresh $2 billion in just the first two days of thew eek.
Ether ETFs, meanwhile, also saw a wave of demand, pulling in $420 million Tuesday, their strongest day of inflows this month. For the first two days of the week, the ETH funds have pulled in more than $600 million.
The wave of cash came as prices fell sharply, with bitcoin dropping 2.7% and ether by 5%.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Bitcoin Magazine Bitcoin Core Ends Long Embargoes for Bugs AI Can Rediscover Bitcoin Core has…
Bitcoin Magazine Bitcoin ETFs Lose Over $635M In One Day Following Oil Price Spike U.S.…
Bitcoin Magazine Franklin Templeton Clears Final Hurdle For ETFs That Turn Stock Dividends Into Bitcoin…
Developers merged a policy change that ends the months-long embargo for flaws a chatbot could…
The company's head of futures and prediction markets said bitcoin, gold and oil contracts are…
▶ Bitcoin Magazine Bloomberg’s Mike McGlone: AI Risk Could Force Bitcoin Drawdown to $10,000 Mike…