Key Points
- Bitcoin ETFs recorded over $1.4 billion in inflows over the past 8 days.
- BTC price trades near $64,000, after closing its best September in history.
The US-based Bitcoin ETFs recorded their 8 consecutive inflow day on September 30.
Yesterday, the crypto products saw $61.3 million in inflows, according to official data from SoSoValue. Over the past 8 days, BTC ETFs recorded a total of more than $1.4 billion in inflows.
Detailed BTC ETF Inflow Data on September 30
On September 30, BlackRock’s Bitcoin ETF, IBIT, recorded $72.1 million in inflows, and Fidelity’s Bitcoin ETF, FBTC, saw $8.32 million in inflows.
Apart from two Bitcoin ETFs that recorded outflows, the other crypto products did not see any inflows or outflows the other day.
ARK Invest and 21Shares’ Bitcoin ETF, ARKB, saw $9.5 million in outflows, while Bitwise’s Bitcoin ETF, BITB, recorded $9.67 million in outflows.
According to SoSoValue data, the total net assets locked in Bitcoin ETFs as of September 30 were almost $60 billion, while the cumulative total net inflow in the crypto products was $18.86 billion.
While Bitcoin ETFs recorded a notable streak of inflows during the last week of the month, Bitcoin also managed to close its best September so far.
Bitcoin Price Trades Near $64,000
At the moment of writing this article, BTC is trading near $64,000, up by over 1% in the past 24 hours.
Earlier, BTC recorded a price dip below $63,000, ahead of a quick reversal.
Last week, the digital asset’s price saw a continued rally, reaching levels above $66,000 on September 27.
Despite its historical price movements in September, BTC closed the month with notable price gains.
Data from CoinGlass reveals that, in 2024, BTC’s September total gains were around 7.3%.
A Bullish Q4 Ahead
Q4 is also expected to be bullish, especially considering the previous years when BTC closed September in the green and the following months saw price gains after that as well.
In 2023, BTC saw price gains of almost 4% in September, followed by a bullish Q4 in which the coin recorded notable gains in the last months of the year: 28.5% in October, almost 9% in November, and over 12% in December.
Now, also highlighted by CoinGlass official data, BTC kicked off the month with price gains of over 1%, surrounded by optimism regarding the months to come.
According to the latest predictions, BTC could see a new ATH by the end of 2024, especially since this is an election year in the US and the entire crypto market became a political subject this year, with both parties pledging support.
