Bitcoin Surges 4.5% Amid Renewed ETF Inflows and Macro Stability

Bitcoin surged 4.5% in a short period of time due to a combination of factors, according to CoinMarketCap.

The key drivers behind this move were renewed spot ETF inflows and supportive macro news, particularly from Japan's central bank.

A sharp improvement in US spot Bitcoin ETF flows was recorded on September 17, with net inflows of approximately $159.5 million after two prior days of large net outflows.

BlackRock's IBIT took in around $183.7 million, while other products saw moderate redemptions, contributing to the overall net inflow figure.

This shift from outflows to inflows reduced immediate supply overhang and coincided with a price grind higher on major exchanges like Binance.