
Bitcoin ETFs Surge with $250M Inflows After Rate Cut Hints at Jackson Hole
This was the highest net inflow recorded by the funds in a single day since July 23.
This was the highest net inflow recorded by the funds in a single day since July 23.
Bitcoin saw a resurgence following an assassination attempt on former US President Donald Trump during a campaign event in Pennsylvania.
The bearish sentiment wasn’t limited to the US. Even on the global scale, digital asset investment products saw their largest outflow of over $600 million in almost three months.
ARKB’s negative flow contrasts with the overall flow of the US spot ETFs, which logged their 13th consecutive day of combined net inflows on the same day.
Despite this positive trend, overall flows for these ETFs remain below their March peak.
The daily trading volume of the US spot Bitcoin ETFs has significantly declined since March.