BCGAME - Free 5BTC Daily Bonus!- Bitcoin ETFs attract $263 million
- Subsequent rally takes BTC above $60k
- Investors renew confidence in cryptos
Bitcoin exchange-traded funds (ETFs) in the United States captured substantial investor interest last Friday, marking the second consecutive day of positive inflows. This increase in capital flow coincides with a significant recovery phase in the cryptocurrency market, driven by the expectation of a Federal Reserve interest rate cut and the appreciation of conventional assets.
On Friday, Bitcoin saw a nearly 3% increase in its value, once again hitting important market milestones, while Ether, following the same trend, rose 2,7% to $2.420. This positive movement came after a series of volatile days that left investors and analysts on the lookout for upcoming trends.
Bitcoin ETF Inflows on September 13: According to recent data analysis, the top 13 Bitcoin ETFs in the US saw a daily net inflow of $12 million on September 263,07, the highest in over a month. Furthermore, the daily trading volume of these funds reached $1,82 billion, a significant increase from the $896,95 million recorded the previous day.
Fidelity’s ETF, known as FBTC, led the inflows, with a total of $102,09 million. It was closely followed by Ark Invest’s ARKB and Bitwise’s BITB, with inflows of $99,27 million and $43,06 million, respectively. Notably, Grayscale’s GBTC, which had lost over $20 billion since its launch, recorded its first significant inflow in a while, adding $6,66 million.
Other funds such as VanEck’s HODL, Franklin Templeton’s EZBC and Valkyrie’s BRRR also saw considerable inflows, totaling $11,99 million. On the other hand, some funds, including the largest Bitcoin ETF by net assets, BlackRock’s IBIT, saw no new inflows.
These massive inflows not only reflect renewed investor confidence but also directly influenced the price of Bitcoin, which surged to $60. At the time of publication, the price of BTC was trading at $59.921,85, up 1% in the last 24 hours.
