Bitcoin ETFs Surge with Historic Inflows, Signaling Potential Crypto Revival

September has seen an unprecedented surge in investments into Bitcoin ETFs, hitting over $400 million in a single day, marking a historic milestone for the month. This recent influx of capital comes amidst a cautious market response to September’s crypto downturn, raising questions about the coming weeks’ performance. 2023 saw major inflows into Bitcoin ETFs from Blackrock and Fidelity, which have continued this trend this month, while Ethereum ETFs experienced fluctuations throughout the month. Data released on September 11th will likely further shape this trend.