Ethereum

Bitcoin ETF

Bitcoin

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Bitcoin and Ethereum ETFs experienced brief inflows followed by significant outflows.</li>
 <li>The U.S. CPI data influenced these ETF flows, with cryptocurrencies rebounding despite initial declines.</li>
</ul>
<p>After a period of continuous outflows, <a href="https://coineagle.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> ETFs saw a temporary resurgence with inflows on the 9th and 10th of September. However, this increase was fleeting.</p>
<h2 id="bitcoin-etf-experiences-outflow">Bitcoin ETF Experiences Outflow</h2>
<p>On the 11th of September, the trend reversed dramatically with net outflows amounting to $43.9 million, as reported by Farside Investors. This sudden change ended a two-day streak of positive inflows, emphasizing the unstable nature of BTC ETF investments in the present market.</p>
<p>Interestingly, BlackRock’s IBIT has been idle with zero flows since the 26th of August, except for a significant outflow of $9.1 million recorded on the 9th of September. Only Fidelity’s FBTC and Invesco’s BTCO have shown positive movement, with inflows of $12.6 million and $2.6 million, respectively, as of the 11th of September.</p>
<h2 id="ethereum-etf-analysis">Ethereum ETF Analysis</h2>
<p>In a similar vein, <a href="https://coineagle.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> ETFs reflected the recent fluctuations seen in BTC ETFs. After a period of outflows, ETH ETFs experienced a brief surge with $11.4 million in inflows on 10th September. However, this positive trend was short-lived, as the following day saw a cumulative outflow of $0.5 million.</p>
<p>On the pricing front, both Bitcoin and Ethereum saw declines on 11th September. However, by the 12th of September, both cryptocurrencies rebounded, with BTC gaining 3.3% and ETH rising by 1.58% within a day.</p>
<p>The sudden shift in ETF flows and cryptocurrency prices may be attributed to the recently released U.S. Consumer Price Index (CPI) data. The CPI for August revealed a modest 0.2% increase in consumer prices, bringing the 12-month inflation rate down to 2.5%—the lowest level since February 2021.</p>
<p>Despite this anticipated adjustment, Citi’s analysis highlights that core PCE inflation, a critical factor for Fed policy, remains steady, suggesting a balanced approach to monetary policy in the near term. As noted by Rachael Lucas, a crypto analyst of BTCMarkets, outflows from Bitcoin and Ethereum ETFs are largely a reaction to stronger U.S. economic data and should be seen as a normal part of ETF evolution.</p>

Bitcoin ETF Flows: Is Another Negative Turn Looming Amidst Market Uncertainty?

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CoinEagle.com

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