Bitcoin and Ethereum ETFs roar back adding nearly $3bn last week

Group 1 - Bitcoin and Ethereum exchange-traded funds (ETFs) experienced significant inflows, with Bitcoin ETFs attracting nearly $2.4 billion and Ethereum ETFs adding approximately $640 million, totaling almost $3 billion in new capital [2][4] - Investor confidence is bolstered by expectations of interest rate cuts from the Federal Reserve, with a 94% probability of a rate cut at the upcoming FOMC meeting, which is seen as beneficial for risk assets like cryptocurrencies [3][4] - Bitcoin has reached a three-week high above $116,000, showing a decoupling from the Nasdaq, and analysts suggest that institutional inflows through ETFs could drive further price increases [4][5] Group 2 - Bitcoin is projected to rise to $140,000 by year-end, with potential to reach $250,000 if inflows remain strong, while Ethereum has outperformed Bitcoin with nearly 200% gains since mid-April [5][6] - Analysts highlight several structural factors supporting Ethereum's long-term growth, including the rise of staking, the growth of tokenized assets, and an impending generational wealth transfer favoring crypto adoption [6]