Bitcoin ETFs See Record Inflows as BTC Price Surges Past $120K
- Bitcoin ETFs recorded over $2.2 billion in inflows this week, marking a strong recovery after nearly $1 billion in outflows in September.
- The BTC price surged to $120,015, gaining over 10% amid expectations of U.S. Federal Reserve rate cuts.
- September closed with net inflows of $3.5 billion across all U.S. Bitcoin ETFs, indicating growing institutional interest.
- BlackRock’s IBIT became the largest platform for BTC options after receiving SEC approval for options trading earlier this year.
- Bitcoin’s Accumulation Trend Score reached its highest level since August at 0.62, reflecting increased buying activity among smaller holders.
The recent surge in Bitcoin ETF inflows and the rally in BTC price highlight a significant shift towards institutional investment and renewed market confidence despite external pressures like a potential U.S. government shutdown.
With Bitcoin ETFs attracting record inflows of $2.2 billion this week and the price breaking above $120K, the market shows signs of robust growth and interest from institutional investors.(Source)
