Summary
- Bitcoin ETFs recorded over $494 million in inflows on September 27, the biggest influx day since June.
- BTC price holds above $65,000.
Yesterday, September 27, Bitcoin ETFs recorded their biggest inflow day since June, at over $494 million. This was the 7th consecutive inflow day for the US-based crypto products.
On June 3, the inflows for BTC ETFs in the US were over $105 billion and since then, yesterday was the most notable influx day for the crypto products.
Bitcoin ETFs Inflows on September 27
Here are the inflows in Bitcoin ETFs recorded yesterday, according to official data from SoSoValue:
- Ark Invest and 21Shares’ Bitcoin ETF, ARKB recorded over $203 million in inflows.
- Fidelity’s Bitcoin ETF, FBTC, recorded over $123 million in inflows.
- BlackRock’s Bitcoin ETF, IBIT, saw almost $111 million in inflows.
- Grayscale’s Bitcoin ETF, GBTC, recorded over $26 million in inflows.
- Bitwise’s Bitcoin ETF, BITB, recorded almost $13 million in inflows.
- VanEck’s Bitcoin ETF, HODL, saw $11.1 million in inflows.
- Valkyrie’s Bitcoin ETF, BRRR, saw $3.2 million in inflows.
- Invesco Galaxy’s Bitcoin ETF, BTCO, saw $3.2 million in inflows.
The other Bitcoin ETFs in the US did not record any inflows or outflows the other day.
According to SoSoValue data, the total net assets locked in Bitcoin ETFs as of September 27 were over $61.2 billion.
The cumulative total net inflow in the crypto products, since their launch in January, is $18.8 billion, as of yesterday.
While the US-based Bitcoin ETFs recorded a full inflow week starting on September 23, until September 27, Bitcoin’s price also recorded a notable rally.
BTC Price Holds Above $65,000
At the moment of writing this article, BTC is trading above $65,000, up by over 4% in the past seven days.
Yesterday, the digital asset topped $66,000, a price level that has not been reached since July 31.
BTC’s price rally debuted last week, ahead of the FOMC meeting in the US, and continued since the Fed decided to cut interest rates by 50 bps.
More notable bullish events continued, including the release of CZ after serving his 4-month sentence, US optimistic economic data, and continuous inflows in the US-based crypto products.
As we already reported, BTC is on its way to closing its best September yet, with a bullish Q4 that might bring a new ATH for the digital asset.
