bullish

Bitcoin

when

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin ETFs recorded over $1.4 billion in inflows over the past 8 days.</li> 
 <li>BTC price trades near $64,000, after closing its best September in history.</li> 
</ul> 
<p>The US-based Bitcoin ETFs recorded their 8 consecutive inflow day on September 30.</p> 
<p>Yesterday, the crypto products saw $61.3 million in inflows, according to official data from SoSoValue. Over the past 8 days, BTC ETFs recorded a total of more than $1.4 billion in inflows.</p> 
<figure id="attachment_51229" aria-describedby="caption-attachment-51229" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/10/1.png"><img fetchpriority="high" decoding="async" class="wp-image-51229 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/10/1.png" alt="SoSoValue data" width="1469" height="626" title="Bitcoin Price Trades Near $64K, as BTC ETFs Record 8-Day Inflow Streak 5" srcset="https://crypto.ro/en/wp-content/uploads/2024/10/1.png 1469w, https://crypto.ro/en/wp-content/uploads/2024/10/1-300x128.png 300w, https://crypto.ro/en/wp-content/uploads/2024/10/1-1024x436.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/10/1-768x327.png 768w, https://crypto.ro/en/wp-content/uploads/2024/10/1-750x320.png 750w, https://crypto.ro/en/wp-content/uploads/2024/10/1-1140x486.png 1140w" sizes="(max-width: 1469px) 100vw, 1469px"></a>
 <figcaption id="caption-attachment-51229" class="wp-caption-text">
  SoSoValue data
 </figcaption>
</figure> 
<h2 id="detailed-btc-etf-inflow-data-on-september-30">Detailed BTC ETF Inflow Data on September 30</h2> 
<p>On September 30, BlackRock’s Bitcoin ETF, IBIT, recorded $72.1 million in inflows, and Fidelity’s Bitcoin ETF, FBTC, saw $8.32 million in inflows.</p> 
<p>Apart from two Bitcoin ETFs that recorded outflows, the other crypto products did not see any inflows or outflows the other day.</p> 
<p>ARK Invest and 21Shares’ Bitcoin ETF, ARKB, saw $9.5 million in outflows, while Bitwise’s Bitcoin ETF, BITB, recorded $9.67 million in outflows.</p> 
<p>According to SoSoValue <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="nofollow noopener" target="_blank">data</a>, the total net assets locked in Bitcoin ETFs as of September 30 were almost $60 billion, while the cumulative total net inflow in the crypto products was $18.86 billion.</p> 
<figure id="attachment_51230" aria-describedby="caption-attachment-51230" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/10/2.png"><img decoding="async" class="wp-image-51230 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/10/2.png" alt="SoSoValue data" width="1809" height="606" title="Bitcoin Price Trades Near $64K, as BTC ETFs Record 8-Day Inflow Streak 6" srcset="https://crypto.ro/en/wp-content/uploads/2024/10/2.png 1809w, https://crypto.ro/en/wp-content/uploads/2024/10/2-300x100.png 300w, https://crypto.ro/en/wp-content/uploads/2024/10/2-1024x343.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/10/2-768x257.png 768w, https://crypto.ro/en/wp-content/uploads/2024/10/2-1536x515.png 1536w, https://crypto.ro/en/wp-content/uploads/2024/10/2-750x251.png 750w, https://crypto.ro/en/wp-content/uploads/2024/10/2-1140x382.png 1140w" sizes="(max-width: 1809px) 100vw, 1809px"></a>
 <figcaption id="caption-attachment-51230" class="wp-caption-text">
  SoSoValue data
 </figcaption>
</figure> 
<p>While Bitcoin ETFs recorded a notable streak of inflows during the last week of the month, Bitcoin also managed to close its best September so far.</p> 
<h2 id="bitcoin-price-trades-near-64-000">Bitcoin Price Trades Near $64,000</h2> 
<p>At the moment of writing this article, BTC is trading near $64,000, up by over 1% in the past 24 hours.</p> 
<figure id="attachment_51231" aria-describedby="caption-attachment-51231" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-73.jpeg"><img decoding="async" class="wp-image-51231 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-73.jpeg" alt="BTC price in USD today" width="1200" height="800" title="Bitcoin Price Trades Near $64K, as BTC ETFs Record 8-Day Inflow Streak 7" srcset="https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-73.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-73-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-73-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-73-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-73-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-73-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-51231" class="wp-caption-text">
  BTC price in USD today
 </figcaption>
</figure> 
<p>Earlier, BTC recorded a price dip below $63,000, ahead of a quick reversal.</p> 
<p>Last week, the digital asset’s price saw a continued rally, reaching levels above $66,000 on September 27.</p> 
<p>Despite its historical price movements in September, BTC closed the month with notable price gains.</p> 
<p>Data from CoinGlass reveals that, in 2024, BTC’s September total gains were around 7.3%.</p> 
<figure id="attachment_51234" aria-describedby="caption-attachment-51234" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/10/3.png"><img loading="lazy" decoding="async" class="wp-image-51234 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/10/3.png" alt="CoinGlass data" width="1673" height="972" title="Bitcoin Price Trades Near $64K, as BTC ETFs Record 8-Day Inflow Streak 8" srcset="https://crypto.ro/en/wp-content/uploads/2024/10/3.png 1673w, https://crypto.ro/en/wp-content/uploads/2024/10/3-300x174.png 300w, https://crypto.ro/en/wp-content/uploads/2024/10/3-1024x595.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/10/3-768x446.png 768w, https://crypto.ro/en/wp-content/uploads/2024/10/3-1536x892.png 1536w, https://crypto.ro/en/wp-content/uploads/2024/10/3-750x436.png 750w, https://crypto.ro/en/wp-content/uploads/2024/10/3-1140x662.png 1140w" sizes="(max-width: 1673px) 100vw, 1673px"></a>
 <figcaption id="caption-attachment-51234" class="wp-caption-text">
  CoinGlass data
 </figcaption>
</figure> 
<h2 id="a-bullish-q4-ahead">A Bullish Q4 Ahead</h2> 
<p>Q4 is also expected to be bullish, especially considering the previous years when BTC closed September in the green and the following months saw price gains after that as well.</p> 
<p>In 2023, BTC saw price gains of almost 4% in September, followed by a bullish Q4 in which the coin recorded notable gains in the last months of the year: 28.5% in October, almost 9% in November, and over 12% in December.</p> 
<p>Now, also highlighted by CoinGlass official <a href="https://www.coinglass.com/today" rel="nofollow noopener" target="_blank">data</a>, BTC kicked off the month with price gains of over 1%, surrounded by optimism regarding the months to come.</p> 
<p>According to the latest predictions, BTC could see<a href="https://crypto.ro/en/news/bitcoin-set-for-potential-all-time-high-by-end-of-2024/"> a new ATH</a> by the end of 2024, especially since this is an election year in the US and the entire crypto market became a political subject this year, with both parties pledging support.</p>

Bitcoin Price Trades Near $64K, as BTC ETFs Record 8-Day Inflow Streak

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