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Analyst: Bitcoin ETF inflows surge over $1b last week, miners see rally

Bitcoin ETFs have seen record inflows as global monetary policies ease, with 21 rate cuts in September. This has boosted BTC prices, leading to a 3.2% rise in September, contrary to its usual trend of a drop. However, geopolitical tensions between Israel and Iran triggered a sell-off on Oct. 1, causing Bitcoin to drop 3.9%. Despite this, spot Bitcoin ETFs received over $1 billion in inflows last week, indicating strong investor interest. Mining stocks also rallied as Bitcoin prices rose, with analysts predicting growth in the Bitcoin mining industry.

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