Bitcoin ETFs add $137 million, pushing October inflows back into positive territory
Briefing by News4U · First published
US spot Bitcoin ETFs took in $137 million on Wednesday, extending a three-day inflow streak to about $424 million and lifting October net inflows to $111 million, Cointelegraph reported citing SoSoValue.
US-listed spot Bitcoin exchange-traded funds extended their daily inflow streak to three on Wednesday, pushing October back into positive territory with two trading sessions left in the month, Cointelegraph reported. [1]
Bitcoin ETFs attracted $137 million on Wednesday, bringing three-day inflows to roughly $424 million and October's net inflows to $111 million, according to SoSoValue data cited by Cointelegraph. [1]
October's cumulative net flows had remained negative through Tuesday after nearly $774 million flowed out over the final two trading days of the previous week. The rebound coincided with the US Federal Reserve keeping its benchmark rate unchanged at a 3.75% to 4% target range; Fed Chair Kevin Warsh warned inflation remained above the central bank's 2% target. [1]
Bitcoin traded at $79,848 at the time of writing, down around 1% over the past 24 hours, according to CoinGecko. Ether ETFs shed another $21 million on Wednesday, bringing October's net outflows to $1.35 billion. [1]
Sources
- Bitcoin ETFs add $137M, pushing October back into the green
Cointelegraph · · Full text