Wall Street continues with massive cryptocurrency purchases through ETFs

Source: CritpoTendencia Original Title: Wall Street Continues Massive Cryptocurrency Purchases via ETF Original Link: Wall Street’s institutional and retail portfolios continue to make huge purchases of stock assets linked to cryptocurrency prices. In particular, Bitcoin, Ethereum, and other coin ETFs ( experience a surge over the past two days. This becomes a sign that confidence is returning strongly among the major players.

According to data from Farside Investors, inflows into Bitcoin spot products mark their second day of substantial entries. On Tuesday, a total of $753.8 million entered these products, with a strong preference for Fidelity’s FBTC. The following day, total flows increased to $840.6 million, of which BlackRock’s IBIT accounted for $648.4 million.

Meanwhile, Ethereum products also showed a similar behavior, although with lower volumes. On that day, they received ) million, while on Wednesday, they received a total of $175.1 million, according to the same financial data portal.

In both days, the dominant product has been BlackRock’s ETHA, with a combined total of more than $130 million over the two trading days.

Thus, the large flows into these products become a gesture of renewed confidence among Wall Street portfolios. In simple terms, massive purchases of products linked to major cryptocurrencies suggest that big players expect a short-term price increase.

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Will Institutional Purchases of Cryptocurrency Products Continue?

There are numerous signs pointing toward a noticeable improvement in cryptocurrency prices. Among them are whale purchases, BTC and ETH withdrawals from exchanges, which cause a contraction of liquidity supply. Added to this are factors such as open interest fully favoring upward movement.

These are factors that have reacted to recent external conditions indicating a favorable short-term context. These factors are significant and range from December US CPI inflation data to the anticipated decision by the Supreme Court on Trump’s tariffs. Also included are factors like the Department of Justice’s demand against the Federal Reserve and its chairman, Jerome Powell.

All this has become a broadly favorable cocktail for an increase in risk assets, and investors are acting accordingly. This explains the immense capital flows received by crypto ETFs over a particularly short period.

The environment positively impacts Bitcoin’s price, which recently touched $97,000 per coin, and it is only a matter of time before it returns to $100k. In a feedback environment, all this encourages New York portfolios to further intensify their ETF stock purchases.

Other Altcoin ETFs with Positive Numbers

Apart from BTC and ETH ETFs, inflows are also directed toward smaller altcoin products. These include ETFs tracking the spot prices of coins like Ripple’s XRP and Solana (SOL), the native token of the Solana blockchain.

The first recorded flows of $10.6 million on Wednesday. Meanwhile, Solana products registered inflows of $23.6 million. As mentioned earlier, this return of inflows is a clear sign of confidence in the short-term performance of prices in the crypto market.