Crypto Majors Rebound as Bitcoin ETF Inflows Turn Positive
- Bitcoin rose by +1.45% to $77,942, with a high of $78,061 and a low of $76,591.
- Bitcoin ETFs saw net inflows of $101M, while Ethereum ETFs experienced outflows of $48M.
- Binance recorded over $1B in stablecoin inflows in August, reversing the previous year’s trend.
- Kraken’s parent company Payward postponed its IPO to Q2 of the following year at the earliest.
- PONS surged by +40%, entering the top-100 coins by market cap.
The cryptocurrency market saw a positive shift as major coins rebounded with Bitcoin leading at over $77k and significant ETF inflows for Bitcoin noted at $101 million. Meanwhile, Binance reversed its previous trend with substantial stablecoin inflows in August.
These developments highlight a renewed interest in Bitcoin investments and an overall positive sentiment in the crypto market despite recent challenges faced by major exchanges like Kraken delaying its IPO plans (Source).
