On Sept. 26, CryptoQuant founder Ki Young Ju reported that America is regaining dominance in terms of BTC holdings.\u00a0Its ratio compared to other countries is rising, \u201cdriven by spot ETF demand,\u201d he added.<\/p>\n
According to the US reserve ratio chart he provided, holdings have been increasing for the past year but have yet to return to levels seen during the 2024 BTC all-time high in March.<\/p>\n
The U.S. is regaining dominance in #Bitcoin<\/a> holdings. Its ratio compared to other countries is rising, driven by spot ETF demand. Only known entities are included. pic.twitter.com\/a9XOb5134E<\/a><\/p>\n \u2014 Ki Young Ju (@ki_young_ju) September 26, 2024<\/a><\/p>\n\n In a separate post on X, Ki Young Ju reported that spot Bitcoin ETF demand has rebounded<\/a>, with the 30-day net change in total holdings turning positive.<\/p>\n #Bitcoin<\/a> spot ETF demand has rebounded, with the 30-day net change in total holdings turning positive. pic.twitter.com\/c0C8BaFPDq<\/a><\/p>\n \u2014 Ki Young Ju (@ki_young_ju) September 26, 2024<\/a><\/p>\n\n Sept. 25 saw aggregate inflows totaling $106 million, according to preliminary data<\/a> from Farside Investors.\u00a0It is the fifth consecutive trading day that the investment products have seen inflows, bringing the total aggregate across all spot ETFs to nearly $18 billion since they were launched in January.<\/p>\n BlackRock\u2019s IBIT dominated, with its highest monthly inflow at $184.4 million. However, outflows occurred from Fidelity\u2019s FBTC and Ark\u2019s ARKB funds, which lost $33.2 million and $47.4 million, respectively.\u00a0There was a tiny $2.1 million inflow for Bitwise (BITB), but the rest, including both Grayscale funds<\/a>, had zero flows.<\/p>\n ETF Store president Nate Geraci commented on the recent reports claiming that Bitcoin ETF flows were drying up.<\/p>\n \u201cWhat\u2019s weird is this report could be someone who just hates BTC and wants to see the ETFs fail, or someone who is Full Hyperbitcoinizationist and can\u2019t stand to have a week without massive gains?\u201d<\/p>\n Bitcoin ETF holdings \u201cdesperately flat\u201d\u2026<\/p>\n Lol. pic.twitter.com\/aYhFEroTQh<\/a><\/p>\n \u2014 Nate Geraci (@NateGeraci) September 25, 2024<\/a><\/p>\n\n Veteran trader and chart guru Peter Brandt observed that bitcoin continues to be in a sequence of lower highs and lower lows.<\/p>\n He added that it would need to break above July\u2019s highs of just over $70,000 to change this sequence.<\/p>\n Bitcoin ($BTCUSD) continues to be in a sequence of lower highs and lower lows. Only a meaningful close above the Jul highs would change this sequence and official complete the 6-month expanding triangle pic.twitter.com\/GaSBWZRoE6<\/a><\/p>\n \u2014 Peter Brandt (@PeterLBrandt) September 25, 2024<\/a><\/p>\n\n Bitcoin, which has been described as a liquidity barometer<\/a> in recent research, was trading down 1.1% on the day at $63,520 at the time of writing.\u00a0It was rejected at resistance at $64,500 twice this week and once in late August as it failed to overcome this price level.\u00a0However, it has also bounced off support at $62,850 twice this week and has remained range-bound for several days.<\/p>\n The wider crypto market had declined 2.1% in terms of total capitalization, meaning altcoins were having a tougher time over the past 24 hours.<\/p>\n The post BlackRock Sees Highest Monthly ETF Inflow as US Bitcoin Holdings Climb<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" On Sept. 26, CryptoQuant founder Ki Young Ju reported that America is regaining dominance in terms of BTC holdings.\u00a0Its ratio compared to other countries is rising, \u201cdriven by spot ETF demand,\u201d he added. According to the US reserve ratio chart he provided, holdings have been increasing for the past year but have yet to return […]<\/p>\n","protected":false},"author":0,"featured_media":9527,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-9526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/9526"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9526"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/9526\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/9527"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}BlackRock Highest Inflow For a Month<\/h2>\n
Where to Next For BTC?<\/h2>\n