{"id":136150,"date":"2024-08-24T17:00:37","date_gmt":"2024-08-24T14:00:37","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136150"},"modified":"2024-08-24T15:30:36","modified_gmt":"2024-08-24T12:30:36","slug":"bitwise-secures-multi-million-dollar-institutional-boost-amid-crypto-etf-surge","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitwise-secures-multi-million-dollar-institutional-boost-amid-crypto-etf-surge\/","title":{"rendered":"Bitwise Secures Multi-Million Dollar Institutional Boost Amid Crypto ETF Surge"},"content":{"rendered":"

This investment follows a rising trend of institutional interest in crypto-focused ETFs.<\/p>\n

The inflows into Bitwise\u2019s ETFs came alongside a broader surge in Bitcoin<\/a> <\/strong>ETF investments, with data showing $252 million in Bitcoin ETF purchases on August 23 alone, pushing the weekly total to over $506 million.<\/p>\n

Major players like BlackRock and Fidelity also saw significant Bitcoin ETF inflows, signaling strong market confidence as potential Federal Reserve interest rate cuts approach. In contrast, Ethereum<\/a> <\/strong>ETFs faced outflows, with a total of $44.5 million leaving the market in the same week.<\/p>\n