Compass Investments

Crypto vs. Dollar

📌 U.S. bitcoin ETFs raised $1.1 billion this week, the most since mid-July.

U.S. bitcoin funds raised more than $1.1 billion this week, the largest inflows since July 15-19. Bitcoin

– U.S. bitcoin funds raised more than $1.1 billion this week, the largest inflows since July 15-19.

including $494.4 million on Sept. 27, the largest inflow since June 4, according to data from 4 Farside Investors. That came one day after inflows into bitcoin ETFs reached $366 million on Sept. 26.

BlackRock iShares Bitcoin Trust led weekly flows with $499 million, ARK 21Shares Bitcoin ETF with $289.5 million and Fidelity® Wise Origins® Bitcoin Fund with $206.1 million.

The Invesco and Galaxy, Franklin Templeton, Valkyrie and VanEck Bitcoin Funds saw inflows of $5.7 million to $33.3 million, while the Wisdom Tree Bitcoin Fund saw no inflows for the week.

As a result of the inflows, the cumulative inflows since the inception of all 11 spot ETFs totaled $18.8 billion.

Since then, bitcoin has risen 13.8 percent to $65,800, according to data from CoinGecko.

the cryptocurrency is now 10.8 percent away from the all-time high of $73,738 it reached in March ’14.

There are two days left until October, the quarter in which bitcoin has risen more than 50% in five of the last nine years, and the fourth quarter of 2024, according to Coinglass data.

This week, ETFs saw $85 million in inflows, the most in the week of Aug. 5-9.

Bitcoin

Bitcoin

$60,807.31

BTC 0.27%

Ethereum

Ethereum

$2,350.98

ETH -0.54%

Binance Coin

Binance Coin

$544.54

BNB 0.39%

XRP

XRP

$0.52

XRP -2.83%

Dogecoin

Dogecoin

$0.11

DOGE 0.47%

Cardano

Cardano

$0.35

ADA 0.68%

Solana

Solana

$136.59

SOL -2.56%