Bitcoin ETFs Experience Strong Inflows to Start October
- US spot Bitcoin ETFs recorded $102.7 million in net inflows on October 1.
- This followed a previous day of $148.7 million in net outflows.
- Combined net assets for Bitcoin ETFs rose to $109.3 billion, with cumulative net inflows reaching $57.6 billion.
- In the third quarter, Bitcoin ETFs saw a total of $6.34 billion in net inflows, including $2.65 billion in September.
- As of publication, Bitcoin traded at approximately $85,900, marking a rise of about 2.1% over the last day.
The positive momentum for Bitcoin ETFs is significant as it follows a strong performance in Q3, where they attracted substantial investments despite recent volatility in the market.
With a notable increase of $102.7 million in inflows on the first trading day of October, Bitcoin continues to show resilience and investor interest amidst fluctuating trends.(Source)
