Connect with us

Uncategorized

Bitcoin ETFs Record Fourth Consecutive Day of Inflows, Adding $550M

Published

on

Spot bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. added $552.78 million on Thursday, their fourth consecutive day of inflows.

That’s the longest run since Aug. 28 and the joint-longest since the seven days ended Aug. 14, which coincided with bitcoin’s ascent to an all-time high of over $123,000. Wednesday’s $757.14 million net inflow was the largest for a single day since July 16, according to data tracked by SoSoValue.

Spot ether (ETH) ETFs are also enjoying a run of inflows. Thursday marked a third straight day, and followed six consecutive days of outflows during which more than $1 billion was withdrawn.

Both the underlying assets experienced rallies in the latter half of the week, benefiting from expectations of an interest-rate cut by the U.S. Federal Reserve on Sept. 17.

Bitcoin has risen nearly 3.2% in three days to sit just above $115,000, according to CoinDesk data. Ether has climbed about 5% in to reclaim the $4,500 mark.

Continue Reading
Click to comment

Leave a Reply

Ваш адрес email не будет опубликован. Обязательные поля помечены *

Uncategorized

Elon Musk vs. the regulators

Published

on

By

Welcome back to TechCrunch Mobility, your hub for all things “future of transportation.” 

Continue Reading

Uncategorized

Nvidia’s AI empire: A look at its top startup investments

Published

on

By

Over the last two years, Nvidia has used its ballooning fortunes to invest in over 100 AI startups. Here are the giant semiconductor’s largest investments.

Continue Reading

Uncategorized

Dating app Cerca will show how Gen Z really dates at TechCrunch Disrupt 2025

Published

on

By

Cerca is a dating app that sets users up with mutual friends.

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.