Bitcoin ETFs record $150 million inflow amid price rebound
Bitcoin price dipped to a low of $62,586 after reaching $64,000 but recovered to $63,127. This reflects a recovery from a drop below $53,000 earlier in the month. Bitcoin is up 7.5% over the past week and 3.21% over the past 30 days. Significant inflows into Bitcoin exchange-traded funds (ETFs) occurred, with $158.3 million on September 19, reversing a previous outflow of $52.7 million. The Ark 21Shares Bitcoin ETF and Fidelity Wise Origin Bitcoin Fund led inflows with $81.1 million and $49.9 million, respectively. Grayscale's flagship product saw reduced outflows, stabilizing at around $4.6 million. Bitcoin ETFs have reached a year-to-date high of $17.7 billion, comprising 5% of Bitcoin's market cap, compared to gold ETFs at 1% of gold's market cap.
