Bitcoin and Ethereum ETF Inflows Positive, US Economy Strong

Bittime - Recent data shows positive inflows for Bitcoin and Ethereum ETFs, reflecting solid economic growth in the United States. This article discusses these developments, a comparison between Bitcoin and Ethereum ETFs, and their impact on the market and the economy as a whole.

Bitcoin ETF Momentum Strengthens

In recent weeks, Bitcoin ETFs have experienced very strong inflows. Data shows that inflows into Bitcoin ETFs reached their highest level since March, based on accumulated flows over a 14-day period. This positive trend indicates that Bitcoin may soon break out of its current price range if this momentum continues.

High inflows mean there is significant demand pressure on the liquidity pool, which could lead to a spike in BTC prices. The available charts show increasing inflows into Bitcoin ETFs, with the main focus being on how much Bitcoin has accumulated over a certain period. This increased demand pressure has the potential to positively influence the price of Bitcoin in the near future.

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Ethereum and Bitcoin ETF Comparison: Launch and Fund Flow

The Ethereum ETF, although recently launched, is also performing quite well. During the first two days after launch, the Ethereum ETF managed to attract a little more than a quarter of the total fund flows received by the Bitcoin ETF in the same period. While Ethereum ETFs may be less attractive than Bitcoin ETFs in terms of investor interest, these results show quite promising initial performance.

A comparison between Ethereum and Bitcoin ETF fund flows in the first two days post-launch shows that the Ethereum ETF managed to attract about 27% of the fund flow received by the Bitcoin ETF. This is a good start for the Ethereum ETF, signaling the potential for further growth in the future.

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Strong US Economic Growth

When looking at the US labor market, many may wonder whether the US will experience a recession. However, data shows that the US real Gross Domestic Product (GDP), adjusted for inflation, increased by 3.1% year-on-year. While this seems positive, it is not easy to predict the next quarter's GDP based solely on the previous quarter's data. Strong growth in the second quarter does not guarantee smooth sailing for the rest of the year.

However, good news often turns into bad news in the stock market. Investors, as usual, are focused on the Federal Reserve's monetary policy. Any news indicating a possible cut in interest rates could have a negative impact on risk assets. Monetary policy plays a huge role in financial markets, and it is often pointless to fight this trend.

US GDP Growth Chart

The latest chart shows strong US real GDP growth. Despite weakness in the labor market, the US economy continues to grow well. Over the past 25 years, inflation-adjusted US GDP growth has shown positive performance. However, it is important to remember that financial markets often react to monetary policy more than to actual economic data.

The combination of positive inflows for Bitcoin and Ethereum ETFs and strong economic growth in the US suggests interesting market dynamics. Investors and analysts will continue to monitor these developments to understand their impact on financial markets and the global economy.

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To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.