Bitcoin ETFs Experience Nine-Day Inflow Streak, Surpassing August’s Rally
- U.S. spot Bitcoin ETFs recorded $66.19 million in net inflows on September 29, marking the ninth consecutive day of positive flows.
- From September 17 to September 29, Bitcoin ETFs attracted approximately $3.08 billion, surpassing the $3.04 billion from a similar streak in August.
- Bitcoin traded around $84,400 on Wednesday, slightly below its September high of nearly $87,350.
- Daily inflows decreased significantly from $999 million on September 21 to $66 million by the end of the month.
The recent run of net inflows into Bitcoin ETFs indicates sustained investor interest despite fluctuating daily amounts and market conditions. This nine-day streak not only matches the length of August’s rally but also exceeds it in dollar terms by about $33 million.
This continued influx into Bitcoin ETFs suggests a growing confidence among investors as they seek exposure to Bitcoin without directly purchasing it from exchanges or holding it in wallets. (Source)
