Inflows into the spot Bitcoin ETF have surged to $365 million, coinciding with Bitcoin’s price exceeding $65,000 for the first time in nearly two months. This influx points to strong institutional interest and confidence in Bitcoin as a financial instrument.
The recent global rate cuts have acted as a catalyst for this growth, bolstering Bitcoin's performance. September is shaping up to be the best on record with a 10% monthly gain.
This development signals a robust Q4 as institutional investors are increasingly committing to Bitcoin, setting the stage for potential further gains.
