|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
US Spot Bitcoin ETFs See Sixth Consecutive Day of Inflows, Attracting Hundreds of Millions
Sep 27, 2024 at 06:08 pm
The continued positive streak coincided with a notable Bitcoin price upswing, putting the largest crypto asset by market cap on course to log its highest jump in September.
U.S.-based spot Bitcoin exchange-traded funds (ETFs) saw a net inflow of $365.57 million on Thursday, the highest in almost two months, as Bitcoin price rose 3% to trade above $65,900.
Spot Bitcoin ETFs, which began trading in October 2021, saw six consecutive days of inflows last week. However, the inflows slowed down this week as investors reacted to macroeconomic data and the Federal Reserve’s interest rate decision.
After reporting zero flows for three consecutive days last week, Invesco’s physically backed Bitcoin ETF (NYSE:BTCO), Franklin Templeton’s Grayscale Bitcoin ETF (NYSE:EZBC), and Valkyrie’s 1.5x exposure Bitcoin ETF (NYSE:BRRR) saw a combined net inflow of $16.47 million on Thursday.
Grayscale’s large-cap Bitcoin fund, the Grayscale Bitcoin Trust (NYSE:GBTC), was the only fund to report net outflows on Thursday, losing $7.73 million. However, the asset manager’s smaller Grayscale Bitcoin Mini Trust (NYSE:BTC) saw a net inflow of $2.87 million, bringing its total net assets to 497.7 million.
Bitcoin Mini Trust, which began trading in March this year, has seen strong demand from investors, with the fund seeing net inflows on most trading days.
After rising by over 10% so far in September, Bitcoin price showed signs of slowing down this week as the crypto asset faced resistance at the $65,000 level. However, Bitcoin price recovered from the lows of the day and was trading at $65,956 at the time of writing, CoinMarketCap data shows.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Coin Prices
- Sep 27, 2024 at 11:30 pm
- BTC
-
- Binance Expands Its Futures Market with the Addition of Worldcoin (WLD) Perpetual Contracts
- Sep 27, 2024 at 11:30 pm
- Starting from Wednesday, October 2, traders can access the WLD/USDT perpetual futures on the Binance platform at approximately 10:00 UTC
-
- Sei (SEI) and GoodEgg (GEGG): Why Investors Are Splitting Their Portfolios Between These Two Promising Cryptos
- Sep 27, 2024 at 11:30 pm
- In the fast-evolving world of cryptocurrency, investors are constantly on the lookout for projects that offer substantial returns. While Sei (SEI) has captured attention recently with its rapid price movements, another intriguing option is emerging: GoodEgg (GEGG), an AI-powered dating and social scoring crypto.
-
- The Best Altcoins to Buy Before September Ends: Sei (SEI) and GoodEgg (GEGG)
- Sep 27, 2024 at 11:30 pm
- As the cryptocurrency market enters the final stretch of September, two altcoins have stood out as the best investments to buy before the month ends: Sei (SEI) and GoodEgg (GEGG).
-
- The Cryptocurrency World has been Rocked by the Unprecedented Rise of the AI-powered dating and social engagement token, GoodEgg (GEGG)
- Sep 27, 2024 at 11:30 pm
- Breaking all records, GEGG’s presale has become the fastest-growing in crypto history, with millions of tokens already sold in just weeks.
-
- Bitcoin (BTC) and Ether (ETH) ETFs See Positive Fund Flows, Signaling Bullish US Investor Sentiment
- Sep 27, 2024 at 11:30 pm
- Fund flow into Bitcoin (BTC) linked exchange-traded funds (ETFs) suggests US investors are bullish on the crypto. On Thursday alone, they poured $365
-
- Top IDO Projects to Watch for Massive Returns by 2025
- Sep 27, 2024 at 10:35 pm
- Initial DEX Offerings continue to emerge as a standout option for early adopters to capitalize on projects with massive potential.
-
- Grayscale Lists 20 Top Cryptocurrencies for Q4, Adding 6 New Altcoins
- Sep 27, 2024 at 10:35 pm
- Bitcoin and Ethereum remain dominant in Grayscale's portfolio for Q4 2024. Grayscale removes Render and Illuvium, favoring new assets for better returns.
-
- Airdrop Samurais: Slice Through Astar Claiming Obstacles
- Sep 27, 2024 at 10:35 pm
- How to be eligibile Astar Airdrop: Quick Guide