Bitcoin ETFs bag another $528M, taking 3-day haul past $1B US spot Bitcoin ETFs drew $1.08 billion over three trading sessions to push October flows back above water.
US spot Bitcoin exchange-traded funds (ETFs) attracted $528 million in net inflows on Wednesday as Bitcoin briefly surged above $84,700 before retreating
The funds extended their inflow streak to three sessions after attracting $23 million on Tuesday and $526.6 million on Monday, according to SoSoValue data. The three sessions drew in a combined $1.08 billion. Wednesday’s inflows brought October’s net inflows to approximately $461 million, while year-to-date net inflows reached $1.34 billion.
According to Farside Investors data, BlackRock’s iShares Bitcoin Trust (IBIT) led Wednesday’s inflows with $235 million, followed by the Fidelity Wise Origin Bitcoin Fund (FBTC) with around $213 million. The latest inflows followed two consecutive weeks of withdrawals, with Bitcoin ETFs shedding $228 million last week and $681 million the week before. Bitcoin’s rally on Wednesday took it to an intraday high of $84,777 before it pulled back to $82,485 at the time of publication, according to CoinGecko.