Altcoin News Official Today TheBitTimes.com

Spot Bitcoin ETFs (exchange-traded funds) recorded over $365 million in inflows yesterday as BTC surges above $65K today for the first time in two months. The $365.7 million in net inflows into spot Bitcoin ETFs on Sept. 26 was the highest since July 22, when the ETFs raked in $486 million, according to data from Farside Investors. That helped BTC pump more than 2% in the past 24 hours to trade at $65,479.99 as of 3:35 a.m. EST. There have now been six consecutive days of inflows. ARKB Leads US Spot Bitcoin ETFs In Inflows Ark Invest and 21Shares’ ARKB registered the highest inflows yesterday, with $113.8 million entering its reserves. In second place was BlackRock’s IBIT with $93.4 million in net inflows. All of the funds, except for BTCW and Grayscale’s GBTC, recorded inflows. BTCW posted zero flows, while GBTC resumed its outflow trend after two consecutive days of no inflows. Despite not recording the largest inflows yesterday, IBIT maintains a...

1. U.S. July CPI and Retail Data link In July, the U.S. core Consumer Price Index (CPI) rose by 0.2% month-over-month, aligning with market expectations. The year-over-year unadjusted CPI for July was 2.9%, slightly below the expected 3.0%, and the unadjusted core CPI came in at 3.2%, marking its fourth consecutive monthly decline and the lowest level since April 2021. Additionally, the U.S. initial jobless claims for the week ending August 10 were 227,000, better than the expected 235,000 and the previous week’s revised figure of 234,000. This marks the lowest number of initial claims in five weeks. Continuing claims for the week ending August 3 were 1.864 million, slightly below the expected 1.875 million. July retail sales in the U.S. saw a 1% month-over-month increase, the highest since January 2023, surpassing expectations and potentially easing concerns about a sharp economic slowdown. QCP Capital noted in its latest report that the CPI data met market expectations, leading to an...