tl;dr
The spot Bitcoin ETF has seen a surge in inflows to $365 million, indicating institutional readiness for a potential Q4 BTC price rally. BlackRock leads in BTC buying, with the global rate cuts and liquidity injections from the Chinese central bank driving institutional interest in Bitcoin. The US i...
The spot Bitcoin ETF has seen a surge in inflows to $365 million, indicating institutional readiness for a potential Q4 BTC price rally. BlackRock leads in BTC buying, with the global rate cuts and liquidity injections from the Chinese central bank driving institutional interest in Bitcoin. The US is regaining dominance in BTC holdings, and institutions are preparing for a Q4 rally amid global rate cuts. This influx of liquidity could trigger a 'volatility supercycle,' with experts forecasting a Bitcoin price rally ahead.
Home / News / Bitcoin News / Spot Bitcoin ETF Inflows Shoot to $365 Million, Institutions Ready for Q4 Rally?
SPOT BITCOIN ETF INFLOWS SURGE
On Thursday, September 26, the total inflows into spot Bitcoin ETFs surged to $365 million, the highest single-day inflows in September. Furthermore, it also marks six consecutive days of inflows into the ETF products. The Ark Invest BTC ETF (ARKB) led the pack with $113 million in inflows followed by BlackRock’s IBIT with $93.4 million in inflows. With its continuous purchases, BlackRock Bitcoin holdings have surged to 359,606 BTC making it one of the largest holders. The recent inflows into spot BTC ETFs come on the backdrop of strong trading volumes. Yesterday, BlackRock’s IBIT led the pack with $1.52 billion in trading volume, followed by the ProShares Bitcoin Strategy ETF (FBTC) at $355 million.
INSTITUTIONS PREPARING FOR Q4 BITCOIN RALLY
Apart from the Bitcoin ETFs, institutions are now preparing for a strong Bitcoin rally in Q4 amid the global rate cuts. Amid the fresh infusion of liquidity and rate cuts by PBoC, Chinese investors are buying Bitcoins to seek shelter amid their fragile economic conditions. This liquidity flush can trigger a ‘volatility supercycle’ with experts betting on a Bitcoin price rally ahead.