CandleFocus Bitcoin Spot ETFs See The Biggest Inflow In Recent Times: Renowned CEO Talks About the Future of BTC
2024-09-14
Author: Content Editor
U.S. Bitcoin spot ETFs experienced their largest daily inflows in almost two months, reaching $263.1 million. This follows two weeks of net negative inflows, indicating a significant recovery. Bitwise's BITB reported the third-largest inflow at $43.1 million, with the CEO expressing optimism about the future of Bitcoin and cryptocurrency. The inflows coincide with Bitcoin's price hovering around $60,000, while market participants are watching for a potential rate cut by the Fed. The CME FedWatch tool suggests an equal chance of a 25 or 50 basis point cut at the September 18 meeting.
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