Summary
- Bitcoin ETFs recorded $117 million in inflows on September 10.
- Fidelity’s FBTC was the leader with $63 million in inflows.
On September 10, the US-based Bitcoin ETFs recorded their second day of inflows following 8 consecutive outflows days.
Yesterday, the crypto products saw $117 million in inflows as follows:
- Fidelity’s Bitcoin ETF, FBTC recorded $63 million in influxes.
- Ark and 21Shares’ Bitcoin ETF, ARKB, saw $12.6 million in inflows.
- Grayscale’s Bitcoin ETF BTC saw $41 million in inflows.
BlackRock’s IBIT and the other crypto products based in the US did not see any inflows or outflows on September 10.
The total net assets locked in Bitcoin ETFs as of September 10 were a little over $52 billion.
Yesterday was the second day that saw influxes in the crypto products following a longer break. On September 9, the US-based Bitcoin ETFs recorded $28.7 million in inflows.
The two inflow days came following 8 consecutive days in which the crypto products recorded outflows. The outflow streak started on August 27, when the crypto products saw $127 million in outflows, according to data from SoSoValue.
Meanwhile, Bitcoin’s price is still sluggish even following yesterday’s Presidential debate and the most important digital asset is trading below the important level of $60,000.
BTC Trades Above $56,000
At the moment of writing this article, BTC is trading above $56,000, down by almost 1% in the past 24 hours. Yesterday, the coin reached prices close to $58,000 before the price dipped at $56,000.
Although the crypto industry was expecting to see significant price moves for Bitcoin following yesterday’s presidential debate, nothing spectacular happened to the digital asset’s trajectory triggered by the political event.
The crypto industry also takes into account the fact that we are in September and Bitcoin’s usual seasonality seems to be maintained so far this year as well.
There are still important economic events set to take place this month that could potentially affect the trajectory of the coin’s price. The most important events include the FOMC meeting that could decide on interest rate cuts in the US.