USA Spotlight Bitcoin Spot ETFs posted their biggest daily inflows in nearly two months on Friday, although the market’s largest ETF did not contribute to the increase.
Total inflows reached $263.1 million, the highest since July 22, when $485.9 million flowed into Bitcoin ETFs. This marks a significant recovery after two consecutive weeks of net negative inflows, with last week’s total reaching $403.8 million.
Among notable ETFs, Bitwise’s BITB saw the third-largest inflow at $43.1 million. In a post shared on X (formerly Twitter), Bitwise CEO Hunter Horsley expressed his optimism: “Bitcoin and cryptocurrencies “I have never been more optimistic about the road ahead for . I am delighted to be a part of this community,” he said, referring to the entries.
The influx of funds into Bitcoin ETFs comes as Bitcoin is hovering around $60,000. Market participants are keeping a close eye on the Fed, with a potential rate cut on the horizon. The CME FedWatch tool currently shows an equal chance of the Fed cutting interest rates by 25 or 50 basis points at its September 18 meeting. The central bank has left interest rates unchanged since raising its target to 525-550 basis points in July 2023.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/bitcoin-spot-etfleri-son-zamanlarin-en-buyuk-girisini-gordu-unlu-ceo-gelecek-hakkinda-konustu/
