The cryptocurrency ETFs recorded historical capital tickets, with more than US $ 4,400 million in six days. The weakness of the dollar and the impasse due to the US government closure boost the crypto rally.
Bitcoin (BTC) renewed its historical maximum by overcoming the U $ s126,000in a trend that drives the rest of the crypto market, according to Binance. Ethereum (eth) advances towards the U $ 4,700 And quickly approaches your record of U $ 4,900in a rally that finds explanation both in which it is a traditionally bullish month, and known in jargon and “uptober”, the American economic situation and the growing institutional appetite for these assets.
Bitcoin’s quoted funds (ETF) starred in a historical day on Monday: They captured US $ 1,190 millionthe second largest capital entry since its launch, only surpassed by US $ 1,370 million last November 7after the electoral triumph of Donald Trump.
The streak extends by six consecutive wheels, with income that exceeds the U $ 4,400millonesaccording to Farside Investors. From their debut, these investment vehicles accumulate more than U $ 60,000 million. As usual, the Ishares Bitcoin Trust (Ibit) of Blackrock concentrated most of the flows, with U $ S967 million Entering this product on Monday.
Eth’s rebound
In the case of Ethereumthe ETF al Caé They already control more than 10% of the total supply of the second most important token on the market. According to StrategicethReservecombined holdings reached 12.48 million ETH, equivalent to 10.31% of the total offer.
Ethereum treasurers collectively have some 5.66 million eth (4.68% of the supply), while ETFs maintain approximately 6.81 million ETH (5.63%).
The rebound also triggered expectations in prediction markets. Polymarket tractors allocate an 85% chance that ETH reach the US5,000 or more before the end of the year. In similar tune, Kalshi participants, prediction platform based in the United States, project a probability of 83% for that same event.
Weak dollar, strong crypto
For analysts, the weakness of the US dollar is clearly benefiting from Bitcoin and, due to dominoes, the rest of the cryptoactives.
The green ticket drags the fragility of Donald Trump’s government closurewhich turns a week without a solution for the lack of agreement between Republicans and Democrats, added to the prospects of new cuts in interest rates by the Federal Reserve (Fed).
Source: Ambito
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