Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
The U.S.-listed BTC exchange-traded funds hit $28.7 million in inflows on Monday, ending a long losing streak.Spot bitcoin exchange-traded funds listed in the U.S. posted just over $28.7 million in net inflows on Monday, ending a record outflow streak worth $1.2 billion,
The ETFs lost money since Aug. 27, and Monday was the first day of net inflows in September – a month that traders have previously warned to be bearish for the leading cryptocurrency. Outflows from ETFs signal a lack of new demand among professional investors. The outflows have taken net inflows since inception to under the $17 billion mark, back to levels last seen in July. Meanwhile, BTC prices are down nearly 15% in the past two weeks – or 25% below March’s lifetime peak of $73,300.“Even with all the near-term noise and volatile price action, we remain structurally bullish,” QCP Capital traders said in a Telegram broadcast Tuesday.
"The bounce from $52,500 is encouraging. So have we seen the bottom? Although we can't be certain, some institutions seem to think so as they take this opportunity to add to their bullish bets in Dec and Mar," traders added.Polymarket traders are pretty certain that crypto isn't going to be mentioned during the debate, giving only an 11% chance of Harris mentioning the term and a 13% chance of Trump saying it.
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