Overview

Bitcoin exchange-traded funds (ETFs) in the United States have seen a considerable addition of $552.78 million on Thursday. This marks a notable fourth consecutive day of inflows, matching a previous record from August 28 and ranking as the joint-longest inflow streak since the seven-day period ending on August 14, which was highlighted by Bitcoin’s surge to an all-time high exceeding $123,000.

Recent Trends

• Spot Ether (ETH) ETFs are also experiencing a three-day inflow.
• Last Wednesday saw a remarkable $757.14 million inflow, representing the largest increase in a single day since July 16.

The rally in Bitcoin and Ether is observed as they are buoyed by expectations of a potential interest-rate cut by the U.S. Federal Reserve on September 17.

Bitcoin has surged nearly 3.2% over the last three days, currently trading just above $115,000, while Ether has risen approximately 5% to regain the $4,500 level.

Conclusion

ETFs for both assets are witnessing renewed interest in a market that previously saw over $1 billion withdrawn in six consecutive days of outflows. This shift reflects a stronger positive sentiment among crypto investors.