Bitcoin ETF

Bitcoin

Drops

In the last 24 hours, Bitcoin (BTC) has surged by around 5%, reaching the $61,000 mark. This rally has spurred significant interest in Bitcoin exchange-traded funds (ETFs). Of the 11 Bitcoin ETFs available, 7 have seen positive inflows, totaling $186.8 million over the past four days.&nbsp; 
Notably, Fidelity’s “FBTC” led with an impressive $56.6 million inflow, followed by Bitwise’s “BITB” with $45.4 million. Other gainers include ARK, VanEck, Invesco, Franklin, and WisdomTree, with inflows ranging from $3.2 million to $42.2 million each. 
The surge in Bitcoin ETF interest is staggering. On September 17, these ETFs <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="noreferrer noopener nofollow">experienced</a> a 13-fold increase in net inflows, reaching $186.76 million—up from just $12.9 million the previous day.&nbsp; 
Fidelity’s FBTC has now seen $279.7 million in inflows over the last seven days. Bitwise’s BITB and ARK Invest’s ARKB also reported substantial inflows. 
Meanwhile, Ethereum (ETH) ETFs are experiencing a different trend. On September 17, the nine U.S.-based Ethereum ETFs faced outflows totaling $15.11 million for the second day in a row.&nbsp; 
Most of these outflows came from Grayscale’s ETHE, which saw $17.9 million exit its fund. In contrast, the Grayscale Ethereum Mini Trust gained $2.8 million, offering some relief. 
Despite these mixed results, Bitcoin’s strong performance continues, with BTC <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noreferrer noopener nofollow">trading</a> at $60,348, up 3.2% in the last day. Ethereum has also seen a modest increase, trading at $2,327, up 1.3%. The trading volumes for both Bitcoin and Ethereum ETFs have risen sharply, reflecting growing investor interest and market activity. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/09/16/bitcoin-drops-3-after-second-assassination-attempt-on-trump/" target="_blank" rel="noreferrer noopener">Bitcoin Drops 3% After Second Assassination Attempt on Trump</a> 
</blockquote>

BTC touches 60k after seeing $186M Inflow in Bitcoin ETF

The Crypto Times

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