u.s. spot bitcoin etfs, funds that give investors bitcoin exposure through brokerage accounts, received $592.5m on september 17-18 after losing $746.3m over the previous two days. that reversal came after the fed raised rates to 3.75%-4.00%. fund demand has resumed despite tighter monetary policy, restoring one source of bitcoin demand while higher inflation-adjusted treasury yields make holding it more costly relative to bonds.
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