Bitcoin ETF

Bitcoin

BlackRock

<p>On Sept. 26, CryptoQuant founder Ki Young Ju reported that America is regaining dominance in terms of BTC holdings.&nbsp;Its ratio compared to other countries is rising, “driven by spot ETF demand,” he added.</p>
<p>According to the US reserve ratio chart he provided, holdings have been increasing for the past year but have yet to return to levels seen during the 2024 BTC all-time high in March.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">The U.S. is regaining dominance in <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> holdings. Its ratio compared to other countries is rising, driven by spot ETF demand. Only known entities are included. <a href="https://t.co/a9XOb5134E" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/a9XOb5134E</a></p>
 <p>— Ki Young Ju (@ki_young_ju) <a href="https://twitter.com/ki_young_ju/status/1839148508127047990?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">September 26, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="blackrock-highest-inflow-for-a-month">BlackRock Highest Inflow For a Month</h2>
<p>In a separate post on X, Ki Young Ju reported that spot Bitcoin ETF demand has <a href="https://cryptopotato.com/spot-bitcoin-etfs-ended-longest-negative-outflow-streak-as-btc-soared-to-58k/" data-wpel-link="internal" rel="noopener noreferrer nofollow">rebounded</a>, with the 30-day net change in total holdings turning positive.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> spot ETF demand has rebounded, with the 30-day net change in total holdings turning positive. <a href="https://t.co/c0C8BaFPDq" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/c0C8BaFPDq</a></p>
 <p>— Ki Young Ju (@ki_young_ju) <a href="https://twitter.com/ki_young_ju/status/1839143800574456308?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">September 26, 2024</a></p>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Sept. 25 saw aggregate inflows totaling $106 million, according to preliminary <a href="https://farside.co.uk/btc/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">data</a> from Farside Investors.&nbsp;It is the fifth consecutive trading day that the investment products have seen inflows, bringing the total aggregate across all spot ETFs to nearly $18 billion since they were launched in January.</p>
<p>BlackRock’s IBIT dominated, with its highest monthly inflow at $184.4 million. However, outflows occurred from Fidelity’s FBTC and Ark’s ARKB funds, which lost $33.2 million and $47.4 million, respectively.&nbsp;There was a tiny $2.1 million inflow for Bitwise (BITB), but the rest, including both <a href="https://cryptopotato.com/eth-btc-prices-unfazed-by-the-massive-outflows-from-grayscales-ethereum-bitcoin-etfs/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Grayscale funds</a>, had zero flows.</p>
<p>ETF Store president Nate Geraci commented on the recent reports claiming that Bitcoin ETF flows were drying up.</p>
<blockquote>
 <p>“What’s weird is this report could be someone who just hates BTC and wants to see the ETFs fail, or someone who is Full Hyperbitcoinizationist and can’t stand to have a week without massive gains?”</p>
</blockquote>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Bitcoin ETF holdings “desperately flat”…</p>
 <p>Lol. <a href="https://t.co/aYhFEroTQh" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/aYhFEroTQh</a></p>
 <p>— Nate Geraci (@NateGeraci) <a href="https://twitter.com/NateGeraci/status/1838940826392567993?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">September 25, 2024</a></p>
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<h2 id="where-to-next-for-btc">Where to Next For BTC?</h2>
<p>Veteran trader and chart guru Peter Brandt observed that bitcoin continues to be in a sequence of lower highs and lower lows.</p>
<p>He added that it would need to break above July’s highs of just over $70,000 to change this sequence.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Bitcoin ($BTCUSD) continues to be in a sequence of lower highs and lower lows. Only a meaningful close above the Jul highs would change this sequence and official complete the 6-month expanding triangle <a href="https://t.co/GaSBWZRoE6" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/GaSBWZRoE6</a></p>
 <p>— Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1839061041323642886?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">September 25, 2024</a></p>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Bitcoin, which has been described as a <a href="https://cryptopotato.com/bitcoin-emerges-as-key-liquidity-barometer-correlating-with-global-money-supply-trends-research/" data-wpel-link="internal" rel="noopener noreferrer nofollow">liquidity barometer</a> in recent research, was trading down 1.1% on the day at $63,520 at the time of writing.&nbsp;It was rejected at resistance at $64,500 twice this week and once in late August as it failed to overcome this price level.&nbsp;However, it has also bounced off support at $62,850 twice this week and has remained range-bound for several days.</p>
<p>The wider crypto market had declined 2.1% in terms of total capitalization, meaning altcoins were having a tougher time over the past 24 hours.</p>
<p>The post <a href="https://cryptopotato.com/blackrock-sees-highest-monthly-etf-inflow-as-us-bitcoin-holdings-climb/" rel="noopener noreferrer nofollow">BlackRock Sees Highest Monthly ETF Inflow as US Bitcoin Holdings Climb</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

BlackRock Sees Highest Monthly ETF Inflow as US Bitcoin Holdings Climb

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