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    Bitcoin ETF Inflows Surge Over B Amid Market Shifts | FinOracle

    Market Trends & Social Media Insights – October 12, 2024 18:28

    Bitcoin ETF Inflows Surge Over B Amid Market Shifts | FinOracle

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    Bitcoin ETF Inflows Surge Over B Amid Market Shifts | FinOracle

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    Bitcoin ETF Inflows Surge Over B Amid Market Shifts | FinOracle

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Bitcoin ETF Inflows Surge Over $1B Amid Market Shifts

Bitcoin ETFs hit record inflows in September, defying trends. Miners rally as easing monetary policies boost BTC.

by John Darbie
Wed, Oct 2, 2024 3:34pm
in Cryptocurrency
• 2 mins read
14.8k
Bitcoin ETF Inflows Surge Over B Amid Market Shifts | FinOracle

Photo: Finoracle.net

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Bitcoin ETF Inflows Defy September Trends

In an unexpected turn of events, Bitcoin ETFs experienced over $1 billion in inflows last week, marking a significant milestone in the cryptocurrency market. This development is surprising given September's historical trend, where Bitcoin typically experiences a downturn, averaging a 3.7% drop. This year, however, Bitcoin closed the week ending September 29 with a 3.2% rise, at $65,618. Analysts suggest this may be linked to easing global monetary policies, where 21 rate cuts were implemented in September alone.

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