The U.S. Bitcoin spot ETF recorded net inflows of $365.5 million ET on Thursday, the highest level since late July. Separately, Thursday's inflows extended gains to a sixth straight day, according to SosoValue data.
SoSoValue data shows that yesterday’s Grayscale ETF GBTC had a single-day net outflow of US$7.7341 million, and GBTC’s historical net outflow was US$20.117 billion. Grayscale Bitcoin Mini Trust ETF BTC had a single-day net inflow of US$2.8708 million, and the total historical net inflow of Grayscale Bitcoin Mini Trust BTC was US$422 million.
The Bitcoin spot ETF with the largest single-day net inflows yesterday was led by Ark Invest and 21Shares’ ARKB, which recorded positive inflows of $113.82 million. ARKB’s total historical net inflows reached $2.520 billion.
BlackRock's IBIT followed with $93.38 million in net inflows, taking IBIT's total historical net inflows to $21.312 billion. And Fidelity’s FBTC also saw $74 million worth of inflows.
Total trading volume among 12 funds on Thursday was $2.43 billion, the largest since Aug. 23. As of press time, the total net asset value of the Bitcoin spot ETF is US$60.027 billion, the ETF net asset ratio (market value as a proportion of the total market value of Bitcoin) reaches 4.7%, and the historical cumulative net inflow has reached US$18.306 billion.
According to Bloomberg, Bitcoin is expected to have one of the largest September gains in history.
According to reports, this is due to the wave of interest rate cuts worldwide, especially the active shift to looser monetary policies in the United States. Bitcoin is up more than 10% this month, a stark change from an average decline of 5.9% in September over the past decade, according to Bloomberg data. Additionally, the small-cap index is up more than 20%, suggesting that looser financial conditions are activating riskier parts of the crypto market.
A report from cryptocurrency exchange Kraken notes that if Bitcoin fails to “decisively” break above $65,000, it could signal a period of weakness. Beyond monetary policy, the crypto-asset industry is also awaiting the results of the U.S. presidential election. Many executives expect greater clarity on U.S. cryptocurrency regulation in the months following the election, which will boost market sentiment.
〈Bitcoin spot ETF recorded six consecutive days of net inflows, Bitcoin is expected to have its largest September gain〉 This article was first published on "Blocker".
