Despite recent losses, bitcoin ETFs in the U.S. have managed to attract significant investments, showing positive momentum.
Bitcoin ETF Investment Surge
Bitcoin ETFs in the U.S. saw an inflow of $158.21 million, despite recent outflows of $52 million. Among yesterday’s inflows, Ark Invest and 21Shares’ ARKB received the most significant amount of $81.07 million. According to SoSoValue statistics, Fidelity’s FBTC recorded inflows of $49.88 million, while Bitwise’s BITB had positive inflows of $10.36 million. Grayscale’s Bitcoin Mini Trust received $9.54 million, and EZBC, run by Franklin Templeton, saw $7.35 million.
Ether Funds Show Growth
Ether funds also showed positive momentum, with net inflows of $5.24 million recorded yesterday, all coming from BlackRock’s ETHA fund. The total daily trading volume for ether funds increased to $250.84 million from $221.88 million on Wednesday. Since their inception in July, U.S. Ethereum ETFs have reported total losses of $610.35 million, according to SoSoValue statistics.
Bitcoin Price Dynamics
As of writing, the price of bitcoin stands at $63,338 according to CoinMarketCap data. Following a recent low of around $52,800 on September 6, the value of the world's largest cryptocurrency has been rising due to positive macroeconomic signs. Currently, the price of bitcoin is challenging the 200-day simple moving average (SMA) on the daily chart, indicating a robust short-term upward trend.
U.S. cryptocurrency ETFs are showing positive momentum amidst significant recent losses, highlighting increasing interest and confidence among investors.
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