Overview

• U.S. spot Bitcoin ETFs drew roughly $741–$757 million on Sept. 10, the largest one-day net intake in about eight weeks, with all 12 funds reporting inflows per vendor tallies.
• Bitcoin briefly topped about $116,300 and traded near $115,660–$115,680, setting a 19-day high.
• CME FedWatch shows roughly a 92% probability of a 25 basis point cut on Sept. 17, which analysts say could turn episodic surges into steadier daily allocations.
• A $757 million intake at recent prices implies about 6,640 BTC purchased, or roughly 15 days of post‑halving issuance, signaling potential float tightening as illiquid holdings sit near records.
• ETF plumbing has improved since the SEC approved in‑kind creations and redemptions in late July, reducing cash drag and tightening arbitrage between shares and spot.