Recent data on Bitcoin ETFs in the U.S. reflect a significant capital influx, reaching $552.78 million in one day.
Inflows Data for Bitcoin ETFs
Spot Bitcoin ETFs in the U.S. recorded net inflows of $552.78 million on Thursday. This positive trend, observed over the past four days, brought the total inflows to $1.7 billion. The largest share of inflows was attracted by BlackRock's iShares Bitcoin Trust (IBIT) with $366.2 million, followed by Fidelity's fund with $134.7 million and Bitwise's product with $40.43 million.
Comparison with Ethereum ETFs
Data from SoSoValue indicate that a $751 million outflow was recorded in August, marking it as the third worst month for ETFs. Meanwhile, spot Ethereum ETFs achieved their second-best performance with an inflow of $3.87 billion, suggesting a potential capital shift from Bitcoin to Ethereum. On Thursday, Ethereum ETFs recorded a net inflow of $113.12 million, indicating continued interest in Ethereum-based investment products.
Expectations from the Fed Meeting
Investors are also focusing on the upcoming Federal Open Market Committee (FOMC) meeting scheduled for September 16-17. According to CME Group’s FedWatch Tool, there is a 92.5% probability of a 25 basis points interest rate cut, with a 7.5% probability for a larger 50 basis points cut.
The increase in capital inflows into Bitcoin ETFs emphasizes the strengthening interest in this asset, while the cryptocurrency market also displays positive dynamics.
