The ETF funds seem to be reviving these days as they are on a streak of inflows. What does this mean for other altcoins, especially the new DeFi project DTX Exchange (DTX)? We’re about to find out!
Bitcoin ETFs Hit Consecutive Inflows
The Federal Reserve’s interest rate cuts must have freed up liquidity for much more than just crypto tokens. Even institutional traders are buying into the market through their ETFs. While Bitcoin’s ETFs were previously criticized for being ineffective, they have responded splendidly these past few days.
September 24, 2024, made it four consecutive days that the Bitcoin ETFs have experienced net positive inflows. Not just that, there were no outflows on the same day, indicating increasing investor confidence in the ETF prospect this time.
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The surge in ETF inflows is another contributing factor to Bitcoin’s sustained weekly gains. The token is 4.46% up on the weekly charts, selling for $63,370.66.
Bitcoin ETF Inflows and Effects on the Altcoin Sector
Compared with Bitcoin’s ETFs, Ethereum’s ETFs have been receiving more criticism in the past two months. Since causing a brief price action in June, Ethereum’s ETFs have not been at their best performance.
The new week saw the ETFs record their largest daily loss, realizing about $79 million in outflows on Monday. However, Bitcoin seems to have quite a ripple effect here, as Ethereum ETFs have net positive inflows worth $62.51 million.
However, BlackRock’s ETHA was the main source of the inflows, as six of the eight ETFs got zero flows during the day. Ethereum has had 11.34% weekly gains, although the token is still struggling with bearish sentiments.
Bitcoin’s ETF inflows bode well for the rest of the crypto-verse, as we can see from the ETH ETFs.
DTX Exchange: Revolutionizing Trading
DTX Exchange is opening a bridge to traders from all markets and even the often-neglected Web3 users.
The platform offers 120,000 trading instruments to ensure a diverse portfolio. Still, DTX gives a new meaning to a ‘diverse portfolio’ for crypto traders, as they won’t be getting just crypto coins this time.
The tradable instruments come from stock, financial, and crypto markets, each offering their unique pros and cons. It’s an opportunity for all traders–even stock brokers and Forex traders–to have their assets all on one interface, making management easier.
DTX Exchange adds to the fun and prospects with its leverage options. Not all tradable assets have this option, but for as many that do, even accounts with small capital can control high market positions.
DTX is a call to all traders around the globe.
The DTX Presale Reaches Stage 3
The DTX presale has raised about $2.7 million in revenue so far, and the tokens are still in hot demand. DTX price is currently at $0.06.
Learn more:
Buy Presale
Visit DTX Website
Join The DTX Community
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