US Bitcoin ETFs See $6.34B in Q3 Inflows as Prices Surge
- US spot Bitcoin ETFs recorded approximately $6.34 billion in net inflows during Q3.
- September ended with $2.65 billion in net inflows, a decrease of about 25% from August’s $3.52 billion.
- Bitcoin prices increased by 42.71% in Q3, marking its best performance since Q4 of the previous year.
- US spot Ether ETFs attracted around $3.05 billion after experiencing outflows of $714 million in Q2.
- XRP ETFs saw inflows of $308 million, bringing total cumulative net inflows to $1.79 billion.
The substantial inflow into Bitcoin ETFs reflects renewed investor confidence as the cryptocurrency market rebounds from earlier declines. Additionally, other altcoins like Ether and XRP are also gaining traction with significant inflows.
In total, Bitcoin ETFs reversed around $5 billion in outflows from the previous quarter, highlighting a strong recovery trend in the market.(Source)
