Key facts:
ARK, BlackRock and Fidelity led capital inflows into bitcoin ETFs.
This behavior generates upward pressure for the price of bitcoin.
During the day on Thursday, September 26, bitcoin ETFs (BTC) recorded an unprecedented inflow of money in the last two months, with a net total of $365.57 million.
This flow of capital towards investment funds listed on the US markets represents the largest amount of money received since July 21, when $485.8 million was recorded according to SosoValue data.
ARK, BlackRock and Fidelity led this new wave of investments with contributions of 113.82 million, 93.3 million and 74 million dollars respectively. Bitwise also showed significant interest, with an inflow of $50.3 million, standing out among the top fund managers.
This investment behavior causes upward pressure on the price of bitcoin. BTC ETFs that invest directly in this digital currency, as explained by CriptoNoticias Cryptopedia, allow investors to buy and sell BTC without the need to have direct access to cryptocurrency trading platforms. The influx of capital into these ETFs results in increased demand for bitcoin, which naturally drives its price higher.
At the time of writing this article, bitcoin is trading at USD 65,378, surpassing the $65,000 barrier, a milestone that was reported by CriptoNoticias this week.
Bitcoin ETFs not only recorded this massive inflow of funds on Thursday, but they have also accumulated 6 consecutive days of capital inflows, exceeding $861 million since the beginning of this streak. This trend reflects growing interest and confidence in BTC as an investment asset.
To date, bitcoin ETFs have amassed a net total of $60 billion, according to SosoValue, which is equivalent to approximately 923,000 BTC. This investment volume not only underlines investors’ interest in the digital currency, but also also lays a solid foundation for future BTC valuationgiven the inherent scarcity of the asset.
The influx of capital into BTC ETFs not only reflects an increase in demand, but also strengthens the perception of it as a legitimate asset class within the traditional financial market. This phenomenon could be a prelude to the greater integration of digital assets into investment portfolios around the world, marking a milestone in contemporary financial history.
This article was created using artificial intelligence and edited by a human Editor.
