U.S.-listed spot bitcoin ETFs saw significant activity with over $252 million in net inflows and trading volumes exceeding $3.12 billion, driven by positive market sentiment following comments at the Jackson Hole symposium. BlackRock’s IBIT and Fidelity’s FBTC led in inflows, while Grayscale’s GBTC experienced outflows. Federal Reserve Chair Jerome Powell’s hints at loosening monetary policy at Jackson Hole led to a surge in bitcoin prices above $64,000, with expectations set for a potential rate cut at the next Fed meeting on September 17.
U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETFs) recorded over $252 million daily net inflows on Friday, their highest level since July 23, as
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