ETFs Buying Bitcoin Like It’s Black Friday—Massive $494M Inflow!

Exchange Traded Funds (ETFs), are serious buying Bitcoin! This players aren't fooling around and are buying daily and consistently large sums of the most powerful decentralized asset in the market.

Just on September 27, the ETF flow registered around 7,526 Bitcoin and 22,31/ ETH being bought by the Funds managing the ETFs.

This means only on September 27, all Exchange Traded Funds saw an inflow of more than $494,000.000 worth in Bitcoin and $58,000.000 in Ethereum landing on vaults of the Funds who deal with ETFs. This is massive and show how powerful people are, yes people!

Those ETFs are buying Bitcoin and Ethereum to feed their customers and not to hold or have it in exposition but because people are showing interest investing on these assets. The major fuel on the ETFs are people as they are the ones buying and holding those iShares and get exposure on the price of Bitcoin and Ethereum.

Exchange Traded Funds are gaining momentum because people believe that this financial instruments are secure for them because they are legalized and can suppress those issues to get worried in finding the best exchange to buy then transfer the assets to Private wallet and secure them there. They see the ETFs as more convenient for them, they just buy ishares and get advantage of the ups and downs of the price.

Me, on the other hand I still prefer that old and secure manner to HODL my assets, in a non custodial wallet where I have control of my seed, after all, "not your keys, not your crypto." Remember:

CONTENT IS KING!