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Bitcoin ETF

Bitcoin

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin ETFs continue their inflow streak with $136 million on September 24.</li> 
 <li>BTC price trades near $64,000.</li> 
</ul> 
<p>On September 24, the US-based Bitcoin ETFs recorded their 4th consecutive day of inflows at almost $136 million.</p> 
<h2 id="bitcoin-etf-inflows-on-september-24">Bitcoin ETF Inflows on September 24</h2> 
<p>According to SoSoValue data, the BTC ETFs that recorded inflows yesterday are the following:</p> 
<ul> 
 <li>BlackRock’s Bitcoin ETF, IBIT, recorded almost $99 million in inflows.</li> 
 <li>Fidelity’s Bitcoin ETF, FBTC, recorded nearly $17 million in inflows.</li> 
 <li>Bitwise’s Bitcoin ETF, BITB, recorded over $17 million in influxes.</li> 
 <li>Grayscale’s Bitcoin ETF, BTC, recorded almost $3 million in inflows.</li> 
</ul> 
<p>The other Bitcoin ETFs did not see any inflows or outflows the other day.</p> 
<figure id="attachment_51019" aria-describedby="caption-attachment-51019" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/09/25sept-sosovalue.png"><img loading="lazy" decoding="async" class="wp-image-51019 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/09/25sept-sosovalue.png" alt="SoSoValue data" width="1786" height="615" title="Bitcoin ETFs Record 4th Consecutive Inflow Day at $136M 13" srcset="https://crypto.ro/en/wp-content/uploads/2024/09/25sept-sosovalue.png 1786w, https://crypto.ro/en/wp-content/uploads/2024/09/25sept-sosovalue-300x103.png 300w, https://crypto.ro/en/wp-content/uploads/2024/09/25sept-sosovalue-1024x353.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/09/25sept-sosovalue-768x264.png 768w, https://crypto.ro/en/wp-content/uploads/2024/09/25sept-sosovalue-1536x529.png 1536w, https://crypto.ro/en/wp-content/uploads/2024/09/25sept-sosovalue-750x258.png 750w, https://crypto.ro/en/wp-content/uploads/2024/09/25sept-sosovalue-1140x393.png 1140w" sizes="(max-width: 1786px) 100vw, 1786px"></a>
 <figcaption id="caption-attachment-51019" class="wp-caption-text">
  SoSoValue data
 </figcaption>
</figure> 
<p>This was the fourth consecutive inflow day that the Bitcoin ETFs saw with the most significant one of this streak being on September 19 when the crypto products saw over $158 million in inflows.</p> 
<figure id="attachment_51020" aria-describedby="caption-attachment-51020" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/09/25sept.png"><img loading="lazy" decoding="async" class="wp-image-51020 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/09/25sept.png" alt="SoSoValue data" width="591" height="293" title="Bitcoin ETFs Record 4th Consecutive Inflow Day at $136M 14" srcset="https://crypto.ro/en/wp-content/uploads/2024/09/25sept.png 591w, https://crypto.ro/en/wp-content/uploads/2024/09/25sept-300x149.png 300w" sizes="(max-width: 591px) 100vw, 591px"></a>
 <figcaption id="caption-attachment-51020" class="wp-caption-text">
  SoSoValue data
 </figcaption>
</figure> 
<p>According to the same data from <a href="https://sosovalue.xyz/assets/etf/us-btc-spot" rel="nofollow noopener" target="_blank">SoSoValue</a>, the total net assets locked in Bitcoin ETFs as of September 24 were $58.6 billion. Since their debut back in January, the crypto products recorded a cumulative total net inflow of almost $18 billion.</p> 
<p>Amidst the positive inflows in these crypto products this week, Bitcoin also continues its ascendant trajectory.</p> 
<h2 id="bitcoin-trades-near-64-000">Bitcoin Trades Near $64,000</h2> 
<p>At the moment of writing this article, BTC is trading near $64,000, up by 1% in the past 24 hours.</p> 
<figure id="attachment_51021" aria-describedby="caption-attachment-51021" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/09/BTC_1D_graph_coinmarketcap-65.jpeg"><img loading="lazy" decoding="async" class="wp-image-51021 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/09/BTC_1D_graph_coinmarketcap-65.jpeg" alt="BTC price in USD today" width="1200" height="800" title="Bitcoin ETFs Record 4th Consecutive Inflow Day at $136M 15" srcset="https://crypto.ro/en/wp-content/uploads/2024/09/BTC_1D_graph_coinmarketcap-65.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/09/BTC_1D_graph_coinmarketcap-65-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/09/BTC_1D_graph_coinmarketcap-65-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/09/BTC_1D_graph_coinmarketcap-65-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/09/BTC_1D_graph_coinmarketcap-65-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/09/BTC_1D_graph_coinmarketcap-65-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-51021" class="wp-caption-text">
  BTC price in USD today
 </figcaption>
</figure> 
<p>Earlier today, the price of BTC surpassed $64,000 and reached levels close to $64,800.</p> 
<p>BTC started a price rally during the past week ahead of the important FOMC meeting in the US and continued to see a<a href="https://crypto.ro/en/news/bitcoin-price-above-62k-following-us-feds-50-bps-rate-cut-decision/"> surge in price</a> following the US Fed to cut rates by 50 bps on September 18.</p> 
<h2 id="a-potential-new-ath-for-btc-by-the-end-of-2024">A Potential New ATH for BTC by the End of 2024</h2> 
<p>If Bitcoin manages to close the month in the green, the odds will be higher for a strong performance in October, November, and December.</p> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" src="https://pbs.twimg.com/media/GYJQQRnWcAAjDhJ?format=jpg&amp;name=large" alt="CoinGlass data" width="1357" height="771" title="Bitcoin ETFs Record 4th Consecutive Inflow Day at $136M 16">
 <figcaption class="wp-caption-text">
  CoinGlass data
 </figcaption>
</figure> 
<p>According to data from CoinGlass, in 2015, 2016, and 2023 when BTC closed September in the green, the last months of these years also brought in significant returns.</p> 
<p>Despite the historical data showing that September is a weaker month for Bitcoin, its price trajectory this month breaks the bearish pattern and places the digital asset on its way to a potential<a href="https://crypto.ro/en/news/bitcoin-set-for-potential-all-time-high-by-end-of-2024/"> new ATH</a> by the end of 2024.</p>

Bitcoin ETFs Record 4th Consecutive Inflow Day at $136M

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