Bitcoin ETF Inflows Surge to $2.4 Billion, but Daily Figures Show Slowing Momentum
Bitcoin ETF inflows surged to $2.4 billion this week, but daily figures tell a different story. The combined inflows on September 21 and 22 represented roughly 72% of the week's total, while the inflow on September 25 accounted for only 13% of that initial day's figure.
The inflows follow two challenging days when funds lost a total of $746 million due to market turbulence caused by the Senate blocking the CLARITY Act and a Fed interest rate hike. This week's activity appears to be a recovery effort as investors return after that brief selling, though the decline in daily figures suggests slowing momentum.
The CBOE Volatility Index dipped from 17.7 on September 16 to 14.2 on September 22, indicating a relatively calm market environment. However, declining inflows may signal a cooling demand rather than panic selling.