1 day ago
Spot bitcoin (BTC) exchange-traded funds (ETFs) successful the U.S. added $552.78 cardinal connected Thursday, their 4th consecutive time of inflows.
That's the longest tally since Aug. 28 and the joint-longest since the 7 days ended Aug. 14, which coincided with bitcoin's ascent to an all-time precocious of implicit $123,000. Wednesday's $757.14 cardinal nett inflow was the largest for a azygous time since July 16, according to information tracked by SoSoValue.
Spot ether (ETH) ETFs are besides enjoying a tally of inflows. Thursday marked a 3rd consecutive day, and followed six consecutive days of outflows during which much than $1 cardinal was withdrawn.
Both the underlying assets experienced rallies successful the second fractional of the week, benefiting from expectations of an interest-rate cut by the U.S. Federal Reserve connected Sept. 17.
Bitcoin has risen astir 3.2% successful 3 days to beryllium conscionable supra $115,000, according to CoinDesk data. Ether has climbed astir 5% successful to reclaim the $4,500 mark.
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