Performance record of american Bitcoin ETF : $1.1 billion in inflows in one week ! – Cointribune EN

This week, Uncle Sam's country-based Bitcoin ETF had a record week with more than $1.1 billion in inflows. These numbers reflect the growing confidence of institutional investors and the growing influence of Bitcoin-backed financial products in US portfolios.

Record week for US Bitcoin ETFs

For the week of September 23-27, 2024, US Bitcoin ETFs attracted over $1.1 billion in investments, marking their best performance since mid-July. This figure includes a staggering $494.4 million inflows on September 27, a record day not matched since June 4, 2024. Among the major companies leading this movement, BlackRock has raised $499 million through its iShares Bitcoin Trust, followed by ARK 21Shares with $289.5 million and Fidelity with $206.1 million. There was an influx of

These large capital flows are partially explained by the Federal Reserve's decision to cut interest rates on September 18, 2024, which boosted the cryptocurrency market. Thus, Bitcoin rose 13.8% to $65,800, just 10.8% below its all-time high. This recovery, combined with renewed interest from institutional investors, This inflow of capital.

Outlook and long-term impact

Beyond these numbers, it is important to note that US Bitcoin ETFs have now recorded cumulative inflows of $18.8 billion since their inception in January 2023. The numbers indicate a gradual but significant adoption of crypto assets by institutional investors as crypto-backed financial products reap profits. Legitimacy. Notably, Ether-based ETFs also had a record week, with $85 million in inflows, their best performance since August 2024.

These results suggest a positive outlook for the fourth quarter. Historically, Bitcoin has often achieved returns of more than 50% over this period in five of the past nine years. If this trend continues, Bitcoin ETFs could continue to attract new capital and play an important role in the democratization of crypto investing. However, this rise still depends on future decisions by regulators and central banks, which are closely monitoring developments in financial markets.

The performance of Bitcoin ETFs in the US is a strong indicator of growing interest in cryptocurrencies, especially in the context of flexible monetary policy. As the fourth quarter approaches, historical trends and current inflows suggest a potentially fruitful period for Bitcoin. However, uncertainties related to regulation and global macroeconomic conditions may still impact these developments.

Luc Jose A.

Toulouse Scientific Diploma and Certification Consultant Alila Blockchain Exam Rejoined 2019 Coin Tribune. Examining the potential of blockchain in the field of economics, and the relationship between public sensibilities and information providers that will bring about a certain evolution of the social system for learning economics. The month is about understanding blockchain and its opportunities. Analyze the purpose of reality, decipher trends in Marche, analyze innovative technologies and perspectives, and analyze social revolution in Marche.

Disclaimer

The views, ideas and opinions expressed in this article are solely those of the author and should not be construed as investment advice. Please do your own research before making any investment decisions.