Bitcoin ETF Inflows Turn October Positive After Three-Day Run
US spot Bitcoin funds drew $137 million Wednesday, lifting October net inflows to $111 million with two trading sessions left.
Key takeaways
- Spot Bitcoin ETFs attracted $137 million Wednesday, extending their inflow streak to three days.
- October net inflows reached $111 million, while Ether ETFs recorded $1.35 billion in monthly outflows.
US-listed spot Bitcoin ETFs drew $137 million on Wednesday, extending their inflow streak to three days and bringing October net inflows to $111 million, according to SoSoValue data cited by Cointelegraph. Two trading sessions remained in the month.
The funds took in about $424 million over the three sessions. That followed nearly $774 million in outflows during the previous week’s final two trading days.
The inflows came as the Federal Reserve left its policy rate unchanged at 3.75% to 4%. Bitget analyst Lewis Huang said Bitcoin’s near-term performance may depend more on Treasury yields, the dollar and broader risk sentiment amid limited new guidance from the Fed.
Bitcoin was at $80,051 as of 13:07 UTC Thursday, down 0.74% over 24 hours. Ether ETFs, meanwhile, saw $21 million in outflows Wednesday, taking their October total to $1.35 billion.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
