Bitcoin ETFs Pull In $730 Million for the First Time Since January
Bitcoin ETFs pull in $730.9M, their biggest day since January, as BTC reclaims $82,000 and BlackRock leads inflows.
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Bitcoin's Rebound May Be Running On ETF Flows, Not Leverage
Mizuho says the crypto market may be bottoming as spot Bitcoin ETFs logged $1.9 billion in weekly inflows. Here's why IBIT, FBTC, ARKB, are back in focus.
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Shares of crypto-related companies are trading lower amid a decline in Bitcoin prices following August's hotter-than-expected payrolls report, which boosted expectations for a potential Federal Reserve rate hike at its next meeting. A stronger U.S. dollar and higher interest-rate expectations are further weighing on crypto and other risk assets by reducing investor appetite for speculative investments.
Shares of crypto-linked stocks are trading higher as Bitcoin prices hit $80,000 amid lower yields and a weaker dollar. Fed's Waller's comments that he is inclined to support holding interest rates steady may have further supported the speculative asset by easing concerns about tighter monetary policy and improving risk appetite.
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