The post BTC and ETH ETFs See Strong Inflows Amid U.S. Presidential Debate appeared first on Coinpedia Fintech News
Bitcoin ETFs recorded a $117 million net inflow on September 10th, with Grayscale’s mini BTC ETF and Fidelity’s FBTC ETF leading the way with $41.128M and $63.1561M inflows, respectively. With a boost in buying pressure, the surge in inflow marks the first time in 36 days that no U.S. Bitcoin ETFs saw outflows. Further, the Ethereum ETFs registered a net inflow of $11.4 million, putting an end to the 7-day-long outflow streak.
Despite these inflows, Bitcoin’s price dipped slightly to $56,438 as traders reacted to the U.S. presidential debate, where Trump’s pro-crypto stance drew market attention.