Add as a preferred source on GoogleU.S. Spot Bitcoin (BTC) ETFs Outdraw Corporate Treasuries With $6.4 Billion Since August
The funds drew about $6.4 billion in net inflows, compared with roughly $1.5 billion in corporate treasury purchases. BlackRock’s IBIT accounted for about $6 billion.
Net inflows to U.S. spot Bitcoin (BTC) exchange-traded funds totaled about $6.4 billion since August, compared with roughly $1.5 billion in corporate treasury purchases. The funds were the larger source of Bitcoin buying over that period.
BlackRock’s IBIT recorded about $6 billion in net inflows. U.S. producer prices rose 1.3% in September from August, the largest monthly increase since March 2022.
Futures markets priced in nearly an 80% chance of a rate hike in December, adding tighter-rate expectations to the market backdrop for the buying shift.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.