Bitcoin Rally Stalls as $6.8 Billion Inflows Pause

A $6.8 billion influx into Bitcoin ETFs has led to a 24% surge in Bitcoin's price over the past month, according to recent data.

The majority of this inflow came through the iShares Bitcoin Trust ETF, which is priced at USD 43.23 on Pluang as of September 15th, down 3.38% from its previous value.

This increase in demand was driven by the requirement for actual Bitcoin deliveries to support prices, despite weak macroeconomic conditions.

However, this momentum has stalled due to a pause in inflows during the seventh week, causing both Bitcoin and the ETF to dip.