Bitcoin ETFs Dem Extend 4-Day Money Enter wit $553M Amid Rally
U.S. spot Bitcoin ETFs don record net di inflows for di fourth day in row on Sept 12, dem add $552.8 million and e join wen di longest streak since mid-August. For di four-day run, Bitcoin ETFs don carry like $1.7 billion inside, wit Wednesday $757.1 million flow na di biggest daily gain since July 16. BlackRock’s IBIT lead wit $366.2 million, followed by Fidelity’s FBTC and Bitwise’s BITB. At di same time, spot Ether ETFs get three-day inflow streak, dem add $113.1 million after six days of withdrawals. Fresh institutional demand drive Bitcoin pass $115,000—up about 3.2% for three days—and Ether come back to $4,500 wit 5% gain. Di rally na because people dey expect Federal Reserve go cut rate by 25 basis points for di September 17 meeting.
Bullish
Dis kain sustained net inflow into spot Bitcoin ETFs mean say wan strong demand from institutional people, wey fit make BTC price still dey go up for near time. The four-day run and record daily flows show say investors get confidence, fit lead to more inflow and keep the rally going. For long term, if ETF adoption continue steady, e fit boost market liquidity and reduce price wahala as more institutional money dey come in, supporting bullish case for Bitcoin.