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Hey crypto enthusiasts! Big news from the Bitcoin front in the United States! BTC holdings are on the rise, and it's all thanks to the growing demand for Bitcoin exchange-traded funds (ETFs).

Ki Young Ju, the brain behind CryptoQuant, has some juicy insights. He recently pointed out that America is making a comeback in the BTC holding game, largely fueled by the spot ETF craze. While the U.S. hasn't hit the dizzying heights of the 2024 all-time high yet, the trend is definitely upward.

In another exciting update, Ki Young Ju mentioned that the demand for spot Bitcoin ETFs has bounced back, with the 30-day net change in total holdings turning positive. The market is buzzing!

On September 25, a whopping $106 million flowed into Bitcoin, marking the fifth straight day of positive inflows for these investment products. The total aggregate for all spot ETFs since January has now reached nearly $18 billion. BlackRock's IBIT is leading the pack with an impressive monthly inflow of $184.4 million. On the flip side, Fidelity's FBTC and Ark's ARKB saw some outflows, losing $33.2 million and $47.4 million, respectively. Bitwise (BITB) saw a modest $2.1 million inflow, while others like the Grayscale funds didn't see any action.

Nate Geraci from ETF Store had a cheeky comment on the reports suggesting Bitcoin ETF flows were drying up. He humorously speculated that the reports could be from someone who either hates BTC or is a hardcore Bitcoin enthusiast who can't handle a week without massive gains.

Veteran trader Peter Brandt weighed in too, noting that Bitcoin is still in a pattern of lower highs and lower lows. He highlighted that a significant break above July’s highs of just over $70,000 would be needed to shake up this trend.

As of now, Bitcoin is trading at $63,520, down 1.1% for the day. It's been struggling to break past the $64,500 resistance level but has found some support at $62,850. The wider crypto market hasn't fared much better, declining by 2.1% in total capitalization, which means altcoins are also feeling the pinch.

Stay tuned for more updates, and happy trading!

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