Institutional Investors Turn to Bitcoin, ETFs See Significant Inflows! Here Are the Details

Spot Bitcoin exchange-traded funds (ETFs) traded in the US saw net inflows totaling $552.78 million on Thursday, reflecting a renewed strong focus on Bitcoin from institutional investors. $553 Million Inflow into Spot Bitcoin ETFs in a Single Day According to SoSoValue data, the largest inflow was into BlackRock's IBIT fund, with $366.2 million. Fidelity's FBTC fund reported $134.7 million, and Bitwise's BITB fund reported $40.43 ￰0￱ owned by VanEck, Invesco, and Franklin Templeton also saw positive ￰1￱ this data, Bitcoin ETFs recorded net inflows for the fourth consecutive ￰2￱ inflows over the past four days reached $1.7 billion. “Institutional fund flows indicate a return of capital to Bitcoin and positions being taken ahead of the Fed's interest rate decisions,” said Vincent Liu, CIO of Kronos ￰3￱ ETFs saw $751 million in outflows in ￰4￱ Ethereum ETFs, on the other hand, had one of their strongest months, seeing $3.87 billion in inflows during the same ￰5￱ ETH funds experienced outflows in the first days of September, they saw $113.12 million in inflows on ￰6￱ to the latest data, Bitcoin is trading at $115,455, while Ethereum is trading at $4,553.

Analysts warn that if ETF inflows continue, Bitcoin could test its all-time high. *This is not investment ￰7￱ Reading: Institutional Investors Turn to Bitcoin, ETFs See Significant Inflows! Here Are the Details