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Bitcoin ETFs Experience Fourth Consecutive Day of Inflows, $552M Added
- Spot Bitcoin ETFs in the U.S. saw an inflow of $552.78 million on Thursday, marking the fourth consecutive day of inflows.
- This streak is the longest since August 28 and matches the duration from mid-August when Bitcoin reached an all-time high over $123,000.
- The largest single-day net inflow was $757.14 million on Wednesday, the highest since July 16.
- Spot Ethereum ETFs also saw inflows for three days after six days of outflows, where over $1 billion was withdrawn.
- Both Bitcoin and Ethereum benefited from expectations of a U.S. Federal Reserve interest-rate cut on September 17.
- Bitcoin increased by nearly 3.2% over three days, now over $115,000. Source
- Ethereum rose about 5%, reclaiming the $4,500 mark. Source