CDS Crypto News Bitcoin ETFs Recover: Franklin Templeton and Grayscale Add to ETF Inflows as Market Sees $158M Boost
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Bitcoin ETFs Recover: Franklin Templeton and Grayscale Add to ETF Inflows as Market Sees $158M Boost

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Bitcoin Etfs Recover Franklin Templeton And Grayscale Add To Etf Inflows As Market Sees $158M Boost

Bitcoin ETFs Recover with $158M Inflows Following $52M Outflows

The U.S. spot Bitcoin ETFs had net inflows of $158.21 million on Thursday, following net outflows of $52 million the previous day. SoSoValue data indicates that yesterday’s inflows were led by $81.07 million in contributions from Ark Invest and 21Shares’ ARKB. The next-largest net inflows were $49.88 million for Fidelity’s FBTC and $10.36 million for Bitwise’s BITB. On Thursday, inflows into Franklin Templeton’s EZBC totaled $7.35 million, while Grayscale’s Bitcoin Mini Trust brought in $9.54 million.

BlackRock’s ETHA fund accounted for all of the $5.24 million in net inflows that spot ether ETFs recorded yesterday. On Thursday, no money moved through the other eight funds. A $250.84 million daily trade volume was recorded for the ether funds, an increase over Wednesday’s $221.88 million. According to SoSoValue statistics, U.S. Ethereum ETFs have experienced negative flows of $610.35 million since their July inception.

Bitcoin Price Soars to $63,381 Following Fed Rate Cut and Global Market Rally

Bitcoin Price Soars To $63,381 Following Fed Rate Cut And Global Market Rally

According to The Block’s Bitcoin price page, the price of Bitcoin increased by 2.17% over the previous day to $63,381 at the time of writing. After hitting its most recent low of over $52,800 on September 6, the largest cryptocurrency in the world has been rising in value in recent weeks due to encouraging macroeconomic indicators.

BTC is showing a strong short-term upward trend, with the price now testing the 200-day simple moving average (SMA) on the daily chart. Over the past week, it has posted three consecutive green closes, reflecting an 8% rise. This momentum has been supported by key macroeconomic factors, such as the Federal Reserve’s recent 50 basis point rate cut and the Bank of Japan’s decision to keep interest rates at 0.25%.

BTCMarkets’ crypto analyst Rachael Lucas

The significance of pointing out how the price of Bitcoin has increased in tandem with the S&P 500 and Nasdaq, reflecting a more widespread risk-on mentality in global markets, was underscored by Lucas.

However, for a true bull cycle—characterized by sustained higher highs and higher lows—retail volume would need to increase significantly. At this point, retail participation remains subdued, making it uncertain whether this upward momentum can be maintained over the long term.

Lucas

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Bitcoin Etfs Recover: Franklin Templeton And Grayscale Add To Etf Inflows As Market Sees $158M Boost
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lectertodd

Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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