U.S. spot bitcoin exchange-traded funds posted net inflows for a sixth consecutive session, though the size of daily inflows fell for a third day, easing the intensity of institutional buying. Net inflows on Sept. 24 totalled about $191 million, taking cumulative net inflows since Sept. 17 to more than $2.8 billion. BlackRock’s iShares Bitcoin Trust led inflows, while WisdomTree’s BTCW saw net outflows.

Stock market money in China is continuing to concentrate in the AI supply chain, including semiconductors, software and cloud, even as the broader economy slows. Investors are focusing on companies aligned with Beijing’s push for technological self-reliance, and performance gaps between mainland and Hong Kong markets reflect listing structures. Selective bets are also emerging among hardware and AI model companies. Price competition, highlighted by DeepSeek’s discounts and low API costs, is another key driver.