#اقتصاد_رقمي #عملات_رقمية #اخبار_الكريبتو_العاجلة #wct $BTC
Bitcoin Exchange Traded Funds (ETFs) have seen strong inflows again, with additional inflows of $642 million recorded on Friday, September 12, coinciding with moves by financial institutions to prepare for the Federal Reserve's interest rate cut decision next week. These developments come as Bitcoin seeks to catch up with the significant rally that gold has experienced in recent months. BlackRock and Fidelity have captured the largest share of these inflows.
During the same week, total inflows across all Bitcoin ETF providers in the United States rose to exceed 2.3 billion dollars, a strong reflection ahead of the Federal Open Market Committee meeting in September. According to data from Farside Investors, Fidelity topped the FBTC fund with inflows of 315 million dollars, followed by BlackRock with the IBIT fund at 264 million dollars. Shares of both funds rose by more than 4% during the week.
The BlackRock iShares Bitcoin Trust (IBIT) recorded net inflows of 2,270 Bitcoin on September 12, equivalent to 264.58 million dollars, with a daily trading volume reaching 3.2 billion dollars, reinforcing its position as the most active Bitcoin fund in the United States. BlackRock also revealed new plans to develop this fund through tokenization technologies.
On the other hand, uncertainty still surrounds the anticipated interest rate cut from the Federal Reserve. While US President Donald Trump has called for a cut of 100 basis points, most analysts expect the cut to be limited to just 25 basis points, with the possibility of repeating the cut in the next quarter. According to a Reuters survey, 105 out of 107 economists expected the Fed to reduce interest rates to a range of 4.00% – 4.25% during its meeting on September 17, with the possibility of the number of cuts reaching three times before the end of the year.
As for gold, it has achieved an increase of over 40% during the first eight months of the year, clearly outperforming Bitcoin. Reports from Ecoinometrics indicate that gold funds continue to attract massive investments as a safe haven against economic uncertainty, while Bitcoin fund inflows experienced some slowdown last month. Nevertheless, the recent surge in Bitcoin ETF inflows suggests an attempt to catch up with gold's significant gains.
Bitcoin is currently trading near the level of 115 thousand dollars, while breaking the level of 118 thousand is a prerequisite for continuing the upward wave. As expectations for interest rate cuts increase and risk appetite grows, gold continues to make strong gains supported by a potential weakness in the US dollar.