Bitcoin ETFs See Strong Inflows to Start October
- US spot Bitcoin ETFs recorded $102.7 million in net inflows on October 1.
- The previous day saw outflows of $148.7 million, marking a significant turnaround.
- Total net assets for Bitcoin ETFs increased to $109.3 billion, with cumulative net inflows reaching $57.6 billion.
- In Q3, Bitcoin ETFs attracted $6.34 billion in net inflows, including $2.65 billion in September alone.
- As of publication, Bitcoin’s price was approximately $85,900, up by about 2.1% over the past day.
The positive momentum for Bitcoin ETFs follows a strong quarterly performance and reflects growing investor interest in cryptocurrency markets amid fluctuating sentiment as indicated by the Crypto Fear & Greed Index.
With a notable increase of $102.7 million in inflows on the first trading day of October, Bitcoin ETFs continue to demonstrate resilience and attract investor capital effectively.
