Gate News bot message: Gate market data shows ETH has broken through 1950 USDT, current price is 1950.04 USDT.
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US Bitcoin Spot ETF Attracts Inflows for Seven Consecutive Days, Institutional Funds Return
US cryptocurrency spot ETF fund flows have shown a notable warming trend recently. On the eve of the Federal Reserve's interest rate decision, investors' willingness to allocate to digital assets has rebounded, driving consecutive daily net inflows into Bitcoin and Ethereum spot ETFs. On the 17th, the US Bitcoin spot ETF recorded approximately $199.4 million in net inflows for a single day, marking the seventh consecutive trading day of capital inflows and creating the longest consecutive inflow record in nearly five months. On the same day, the Ethereum spot ETF also recorded approximately $138.2 million in net inflows, continuing positive flows for the sixth day.
From a single product perspective, Bitcoin spot ETF capital inflows remain concentrated among large issuers. According to Farside Investors data, on the 17th, BlackRock's IBIT attracted $169.3 million in net inflows for the day, while Fidelity's
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