
Bitcoin ETFs Rebound With $241M Inflows as Ethereum Funds See Continued Withdrawals
Bitcoin ETFs saw a strong rebound with $241 million in net inflows on September 24, reversing two days of losses. Ethereum ETFs continued to bleed funds.
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Bitcoin ETFs saw a strong rebound with $241 million in net inflows on September 24, reversing two days of losses. Ethereum ETFs continued to bleed funds.
Cryptocurrency investment funds attracted nearly $1.9 billion last week, marking a second consecutive week of strong inflows driven primarily by Bitcoin and Ether ETFs.
The digital asset market faces significant volatility, with Bitcoin's price falling while a wave of new crypto ETFs and corporate adoption strategies pushes forward.
Bitcoin and Ethereum ETFs attracted $1.9 billion in a single week as major firms like BitMine and Strategy increased their crypto holdings ahead of a key Fed rate decision.
Bitcoin's price volatility is declining as it attracts more institutional investors, a sign of market maturation, according to MicroStrategy's Michael Saylor.
Michael Saylor predicts institutional investment will reduce Bitcoin's volatility, transforming it into a more stable, mainstream financial asset.