Bitcoin ETFs Experience Significant Inflows Amid Market Rally
- Spot bitcoin ETFs in the U.S. added $552.78 million on Thursday, marking their fourth consecutive day of inflows.
- This is the longest streak of inflows since August 28, and ties with the seven-day period ending August 14.
- Wednesday’s inflow of $757.14 million was the largest single-day total since July 16.
- Spot ether ETFs also saw inflows for three consecutive days after a previous outflow period exceeding $1 billion.
- Bitcoin has risen nearly 3.2% over three days, while ether has increased about 5%, reaching over $4,500.
The recent inflows into both ETFs reflect growing investor confidence, likely influenced by expectations of an interest-rate cut by the U.S. Federal Reserve on September 17.
As a result of these trends, bitcoin’s price currently sits just above $115,000 following notable increases in recent days.(Source)
