Key Points
- Bitcoin ETFs recorded $263 million in inflows on September 13.
- Today, the BTC price broke the $60,000 level.
On September 13, the US-based Bitcoin ETFs recorded a significant inflow day at $263 million.
This marks the largest inflow say in the crypto products since July 31 when BTC ETFs recorded almost $299 million in influxes.
BTC ETFs Record Largest Inflow Day Since July 31
Yesterday, the US-based Bitcoin ETFs saw significant inflows as follows:
- Fidelity’s Bitcoin ETF. FBTC was the leader with $102.09 million in inflows.
- Ark Invest and 21Shares’ Bitcoin ETF, ARKB, recorded $99.2 million in inflows.
- Bitwise’s Bitcoin ETF, BITB, recorded over $43 million in inflows.
- Grayscale’s Bitcoin ETF, GBTC, recorded $6.6 million in inflows.
- Franklin Templeton’s Bitcoin ETF, EZBC, recorded $5.21 million in inflows.
- VanEck’s Bitcoin ETF, HODL, recorded more than $5 million in inflows.
- Valkyrie’s Bitcoin ETF, BRRR, saw $1.7 million in inflows.
BlackRock’s Bitcoin ETF, IBIT, and the other BTC ETFs did not see any inflows or outflows on September 13.
According to official data from SoSoValue, the total net assets locked in BTC ETFs as of September 13 were $54.31 billion.
Since July 31 when the Bitcoin ETFs in the US recorded almost $299 million in inflows, another significant influx day was on August 23 when the crypto products recorded $252 million in inflows.
September 13 was the highest inflow day after a longer streak of outfluxes for the crypto products starting August 27, when BTC ETFs saw $127 million in outflows, until September 6 when BTC ETFs recorded almost $170 million in outflows.
Following a significant inflow day on September 13, Bitcoin’s price also marked an important recovery above $60,000 today.
BTC Is Trading Above $60K
At the moment of writing this article, BTC is trading above the important level of $60,000, up by over 3% in the past 24 hours.
Earlier, the digital asset reached prices close to $60,600, following a volatile week, which saw BTC price dipping below $64,000 on September 8, before a rebound.
The week was marked by important economic events including the release of the CPI data in the US for August which showed an eased inflation.
Also, a political event took place as well, the Presidential debate between Donald Trump and Kamala Harris, but it failed to affect Bitcoin’s price significantly.
However, next week, the price of BTC could be affected by the important FOMC meeting set to take place on September 18 during which the US Fed will decide on the rate cuts in the country.
September 16 will be another important day to watch, as the former US President will reveal the family’s vision for “making finance great again,” as noted via X by World Liberty Financial – the crypto initiative of the Trump family.
