From Investing.com

September 16, 2024 3:00:20 pm:

CoinShares reported a huge shift in crypto exchange-traded product funds, with $436 million flowing into BTC ETFs last week after $1.2 billion outflows. Analysts credit this to market expectations of a 50 basis point rate cut. Bitcoin has $209 million outflows MTD, but a year-to-date $20.775 billion inflow. Short-Bitcoin vehicles saw $8.5 million outflows after weeks of inflows. Ethereum faced $19 million outflows but still has $708 million YTD inflows. Vehicles focusing on blockchain technologies had $105 million inflows due to new ETFs in the U.S. market. Bitwise CIO expressed interest in launching meme cryptocurrencies-focused ETFs.

Read more at Investing.com: Bitcoin Eyes $436 Million Explosive ETF Inflows Last Week By U.Today