1247 ET - Heading into the holiday-shortened week, bitcoin ETFs saw net inflows of $1.01B posted in the prior three trading days, according to data from CoinGlass. That includes a net inflow of $730.8M posted on Sept. 3. The influx comes as analysts speculate that investors may be changing they way they think about rates. "If investors continue buying while short-term yields remain elevated, [we say] it would indicate the policy rate is no longer the binding constraint on bitcoin," say analysts with Bitfinex in a note. Bitcoin is down 0.9% to $78,523, while ethereum falls 0.4% to $2,485 and XRP rises 1.1% to $1.41.
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