Bitcoin ETFs see $101M inflows as BTC price recovers above $77,700 after recent volatility
US Bitcoin ETFs recorded $101.1 million in net inflows on Sept. 2, reversing the previous day's $236.5 million outflows as Bitcoin's price rebounded above $77,700. BlackRock's IBIT led gains with $115.4 million inflows, supported by other funds like Bitwise and Grayscale. The inflows indicate sustained institutional demand despite recent market volatility, with Bitcoin testing a potential break above $78,000. Continued positive ETF flows could support further price gains, while selling pressure might test recent lows again.
US Bitcoin ETFs recorded $101.1 million in net inflows on Sept. 2, reversing the previous day's $236.5 million outflows as Bitcoin's price rebounded above $77,700. BlackRock's IBIT led gains with $115.4 million inflows, supported by other funds like Bitwise and Grayscale. The inflows indicate sustained institutional demand despite recent market volatility, with Bitcoin testing a potential break above $78,000. Continued positive ETF flows could support further price gains, while selling pressure might test recent lows again.
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