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Bitcoin And Ethereum ETFs Continue Positive Inflow Streak! Here Are The Latest Data

The cryptocurrency market has witnessed significant volatility in recent data, with spot exchange-traded funds (ETFs) for both Bitcoin and Ethereum experiencing significant inflows. Bitcoin and Ethereum Spot ETFs See Significant Inflows, Driving Market Growth Bitcoin Spot ETFs Net Inflow (Daily): $249 million BlackRock Bitcoin ETF (IBIT): Reached a 5-day inflow streak with a total of $344 million. Total Net Asset Value (NAV): $121.403 billion Bitcoin spot ETFs continue to attract strong investor interest and are underpinning the overall market with steady inflows into major funds like BlackRock’s IBIT, highlighting growing institutional confidence in the cryptocurrency. Ethereum Spot ETFs Net Inflow (Daily): $70.641 million BlackRock Ethereum ETF (ETHA): $79.1055 million Fidelity Ethereum ETF (FETH): recorded an inflow of $8.9782 million. Ethereum spot ETFs have recorded six consecutive days of net inflows, signaling strong investor demand. BlackRock’s ETHA ETF led the way with the majority of inflows, while Fidelity’s FETH ETF also contributed to Ethereum’s growing institutional adoption. The continued inflows into both Bitcoin and Ethereum ETFs underscore the growing institutional involvement in the cryptocurrency market. As regulatory clarity increases and adoption expands, ETFs continue to provide a bridge for traditional investors to gain exposure to digital assets. The total assets under management for Bitcoin spot ETFs exceed $121 billion and Ethereum ETFs follow a similar growth trajectory, suggesting that the market is set to develop further in 2025. *This is not investment advice. Continue Reading: Bitcoin And Ethereum ETFs Continue Positive Inflow Streak! Here Are The Latest Data CoinTurk News

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Crypto Exchange Phemex Investigating Hack Reports as $29M Drained From Hot Wallets

Singapore-based cryptocurrency exchange Phemex has said that it is "looking into" reports of a hack after one of its hot wallets was drained for $29 million worth of crypto tokens. Crypto security firm Cyvers reported "multiple suspicious transactions" from the Phemex hot wallet across multiple blockchains. The funds were swapped for ether (ETH). "As we look into a report on one of our hot wallets rest assured our cold wallets remain safe and can be checked by everyone here, will post more updates shortly," Phemex CEO Federico Variola wrote on X . CoinTurk News