Bitcoin and Ether ETFs Saw Big Inflows Tuesday as Investors Bought Dip

Bitcoin (BTC) and ether (ETH) prices dropped sharply connected Tuesday, but that didn’t halt investors from pouring currency into crypto funds.

Spot bitcoin exchange-traded funds (ETFs) took successful $876 million, according to information from Farside Investors. Combined with $1.2 cardinal successful inflows connected Monday arsenic investors reacted to caller grounds terms implicit the weekend, the BTC funds person drawn successful a caller $2 cardinal successful conscionable the archetypal 2 days of thew eek.

Ether ETFs, meanwhile, besides saw a question of demand, pulling successful $420 cardinal Tuesday, their strongest time of inflows this month. For the archetypal 2 days of the week, the ETH funds person pulled successful much than $600 million.

The question of currency came arsenic prices fell sharply, with bitcoin dropping 2.7% and ether by 5%.