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Bitcoin ETF

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Spot Bitcoin exchange-traded funds (ETFs) based in the United States have raked in more than $1.1 billion since Sept. 23, the largest week of inflows since July 15–19.
<a data-ct-non-breakable="null" href="https://farside.co.uk/bitcoin-etf-flow-all-data/" rel="nofollow noopener" target="_blank" text="null" title="https://farside.co.uk/bitcoin-etf-flow-all-data/">According</a> to Farside Investors, it included $494.4 million on Sept. 27, the best-performing day since June 4. Spot Bitcoin ETFs saw <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/spot-bitcoin-etfs-largest-daily-inflow-2-months" rel="null" target="null" text="null" title="https://cointelegraph.com/news/spot-bitcoin-etfs-largest-daily-inflow-2-months">inflows of $366 million on Sept. 26</a>.
BlackRock’s iShares Bitcoin Trust, the ARK 21Shares Bitcoin ETF and the Fidelity® Wise Origin® Bitcoin Fund led weekly flows with $499 million, $289.5 million and $206.1 million, respectively.
The Invesco and Galaxy, Franklin Templeton, Valkyrie and VanEck Bitcoin funds saw inflows between $5.7 million and $33.3 million, while the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/wisdomtree-ceo-crypto-going-mainstream" rel="null" target="null" text="null" title="null">WisdomTree Bitcoin Fund</a> didn’t record any inflows during the week.
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 <img alt="US Bitcoin ETFs raked in $1.1B this week, most since mid-July" name="" src="https://s3.cointelegraph.com/uploads/2024-09/01923bfd-076e-7124-a612-2d97f42a99f9">
 <figcaption style="text-align: center;">
 US spot Bitcoin ETF flows between Sept. 23–27. Source: Farside Investors
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The latest inflows bring aggregate inflows for the 11 spot ETFs combined to $18.8 billion since they launched in January.&nbsp;
The rise in spot Bitcoin ETF flows follows the US <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/50-bps-fed-rate-cut-bullish-crypto-markets" rel="null" target="null" text="null" title="null">Federal Reserve’s interest rate cut</a> on Sept. 18.&nbsp;
Since then, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-coils-market-65k-real-resistance" rel="null" target="null" text="null" title="null">Bitcoin has rallied 13.8%</a> to $65,800, CoinGecko <a data-ct-non-breakable="null" href="https://www.coingecko.com/en/coins/bitcoin" rel="null" target="null" text="null" title="null">data</a> shows. The cryptocurrency is now only 10.8% off its all-time high price of $73,738 set on March 14.
With the fourth quarter about to kick off, Bitcoin has recorded gains of 50% or higher in Q4 of five of the last nine years, CoinGlass <a data-ct-non-breakable="null" href="https://www.coinglass.com/today" rel="null" target="null" text="null" title="null">data </a>shows.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-etf-inflows-buoy-price-slowing-spot-buying" rel="null" target="null" text="null" title="null">‘Sustained’ Bitcoin ETF inflows may ‘buoy’ price despite slowing spot buying</a>
Meanwhile, US spot Ether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="null" target="null" text="null" title="null">ETH</a>) ETFs <a data-ct-non-breakable="null" href="https://farside.co.uk/ethereum-etf-flow-all-data/" rel="null" target="null" text="null" title="null">recorded</a> $85 million in inflows this week, making it their biggest week since Aug. 5–9.
Since launching on July 23, <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/spot-ethereum-etf" rel="" target="_self" text="null" title="https://cointelegraph.com/learn/spot-ethereum-etf">the Ethereum products</a> have seen inflows of a little more than $1.1 billion, factoring in the $2.9 billion in outflows from the Grayscale Ethereum Trust.
<figure>
 <img alt="US Bitcoin ETFs raked in $1.1B this week, most since mid-July" name="" src="https://s3.cointelegraph.com/uploads/2024-09/01923bfc-6d96-7cb1-ae3e-5df5f917f41a">
 <figcaption style="text-align: center;">
 US spot Ether ETF flows between Sept. 23-27. Source: Farside Investors
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Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/worldcoin-fined-dmm-bitcoin-system-face-ban-asia-express/" rel="null" target="null" text="null" title="null">Worldcoin fined again! Crypto store clerk runs off with $500K cash: Asia Express</a>

US Bitcoin ETFs raked in $1.1B this week, most since mid-July

Cointelegraph

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