Franklin

Bitcoin

Momentum

<ul class="wp-block-list">
 <li>Among yesterday’s inflows, Ark Invest and 21Shares’ ARKB received $81.07 million.</li>
 <li>U.S bitcoin funds have had a net inflow of $17.60 billion since their start in January.</li>
</ul>
Prior to Thursday’s net inflow of $158.21 million, spot bitcoin exchange-traded funds in the US had a net outflow of $52 million. Among yesterday’s inflows, Ark Invest and 21Shares’ ARKB received $81.07 million, the most, according to SoSoValue statistics. Net inflows of $49.88 million were recorded by Fidelity’s FBTC, while Bitwise’s BITB had positive flows of $10.36 million.
Thursday witnessed $9.54 million inflows into Grayscale’s Bitcoin Mini Trust and $7.35 million into EZBC, run by Franklin Templeton. Even though seven funds had no transactions at all for the day, no money left any of the twelve bitcoin ETFs.
U.S bitcoin funds have had a net inflow of $17.60 billion since their start in January. And on Thursday, that amount was $1.44 billion in total daily transaction activity. Net inflows of $5.24 million were recorded by spot ether ETFs yesterday. With all of that money coming from <a href="https://thenewscrypto.com/coinbase-denies-claims-of-issuing-bitcoin-ious-to-blackrock/" rel="noopener noreferrer nofollow">BlackRock’s</a> ETHA fund. Thursday was a dry day for the other eight funds.
<h3 class="wp-block-heading" id="h-positive-momentum">Positive Momentum</h3>
Total daily trading volume for the ether funds increased to $250.84 million from $221.88 million on Wednesday. A total of $610.35 million has been lost by U.S. Ethereum ETFs since their inception in July, according to statistics from SoSoValue.
At the time of writing, the price of <a href="http://bitcoin.org" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> was $63,338 as per data from <a href="http://coinmarketcap.com" target="_blank" rel="noopener noreferrer nofollow">CMC</a>. Following a recent low of around $52,800 on September 6, the value of the biggest cryptocurrency in the world has been increasing in recent weeks due to good macroeconomic signs.
As of right now, the price of bitcoin is challenging the 200-day simple moving average (SMA) on the daily chart, indicating a robust short-term rising trend.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/solana-trades-above-20-day-ema-and-50-day-sma-sol-shows-upward-momentum/" target="_blank" rel="noopener noreferrer nofollow">Solana Trades Above 20-day EMA and 50-day SMA, SOL Shows Upward Momentum</a>

US Bitcoin ETFs See $158M Inflows Amid Bitcoin Price Surge

Table of Contents

TheNewsCrypto

Other articles published on Sep 20, 2024

Hashgraph Association to explore digital asset use cases with Qatar stakeholders

Top Trending Cryptos on Solana Chain Today – Dogs of Elon, CLYDE, World Liberty Financial

Threshold Network Integrates Chainlink Feeds to Strengthen tBTC Ecosystem Across Four Top Blockch...

Weekly Article Recap: 9/09-9/13

MicroStrategy Bitcoin Investment Continues to Boost With 7,420 BTC

Solana-Based Altcoin Makes a Key Move: Token Surges!

Join our free newsletter for daily crypto updates!