Wall Street Rejects August Slump, Attracts $1.7 Billion to Bitcoin ETFs

The cryptocurrency market experienced a resurgence as institutional investors poured nearly $1.7 billion into Bitcoin exchange-traded funds (ETFs) over the past four trading days. This marked a turnaround from the challenging August where many Bitcoin ETFs lost significant capital, representing their third worst month since launch. The influx of investments was led by BlackRock’s iShares Bitcoin Trust, which received a substantial $366.2 million alone. Fidelity and Bitwise also saw notable inflows. Several other issuers, including VanEck, Invesco, and Franklin Templeton, also reported gains.