Spot Bitcoin $63,645 Inflows into ETFs accelerated again as Bitcoin’s price rose above $65,000 for the first time in almost two months. Institutional interest in ETFs appears to be returning ahead of the fourth-quarter bull run, as the worldwide interest rate cut trend prepares for Bitcoin’s best September run on record.
Increase in Inflows to Spot Bitcoin ETFs
Total inflows into spot Bitcoin ETFs on Thursday, September 26 rose to $365 million, marking the highest daily inflow in September. It was also noteworthy that inflows to ETF products lasted for six consecutive days.
Leaders of Corporate Investments
Ark Invest BTC ETF (ARKB) led the way with inflows of $113 million, followed by BlackRock’s IBIT ETF with $93.4 million. BlackRock’s Bitcoin assets increased to 359 thousand 606 BTC, making it one of the largest investors.
Strong Increase in Trading Volumes
Inflows into spot Bitcoin ETFs in recent days have been driven by particularly strong trading volumes. BlackRock’s IBIT ETF topped the list with $1.52 billion in trading volume, while ProShares Bitcoin Strategy ETF (FBTC) followed with $355 million.
Cryptocurrency analyst Ki Young Ju said, “The US is regaining dominance in Bitcoin assets thanks to spot ETF demands. “The BTC holding rate is increasing compared to other countries,” he said.
Institutional Organizations Are Preparing for the 4th Quarter Bitcoin Rally
Institutional as well as Bitcoin ETFs are preparing for a strong Bitcoin rally in Q4 amid global interest rate cuts. While China-based investors turned to Bitcoin due to fragile economic conditions, QCP Capital stated:
We expect further easing from the PBoC and they have communicated on this issue. With the Fed joining the global interest rate cutting cycle, all major central banks except the BoJ are poised to provide more liquidity to the market.
According to Arthur Hayes, this increase in liquidity could trigger a volatility supercycle. Hayes stated that Bitcoin will gain value in this environment and that BTC is the most technical way to balance the spending of the ruling elite in the modern digital world.
Statements by organizations and analysts show that the increasing popularity of spot Bitcoin ETFs and institutional interest may have significant impacts on the Bitcoin market in the coming period.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
