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Crypto

Bitcoin ETFs Record $101M Inflows Amid Price Rebound

Guavy AI Editorial Team
Instruments
BTC
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Bitcoin ETFs saw significant inflows on September 2, reversing a previous day's outflows. The US Bitcoin ETFs recorded $101.1 million in net inflows as the price of Bitcoin rebounded above $77,700. BlackRock's IBIT led gains with $115.4 million inflows, supported by other funds like Bitwise and Grayscale.

The inflows indicate sustained institutional demand despite recent market volatility. The price of Bitcoin is testing a potential break above $78,000, which could be boosted by continued positive ETF flows.

However, selling pressure might test recent lows again if the trend reverses.

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