Investors Exhibit Enthusiasm for Bitcoin and Ethereum

Bitcoin continues to trade in a horizontal price pattern, but there is a notable trend of investors opting for spot Bitcoin ETFs, reflecting a positive sentiment. Farside Investors’ data reveals a consistent flow of funds into ETFs over the past 11 days, indicating a net positive inflow. According to CoinShares data, the previous week witnessed an impressive influx of over $1 billion into Bitcoin investment products. Furthermore, institutional investors and large-scale investors, commonly referred to as whales, are actively accumulating Bitcoin. In The Week On-chain report by Glassnode analysts, it was highlighted that long-term investors have initiated the process of reaccumulating coins, marking the first instance of such activity since December 2023.