Bitcoin ETFs See $2.71B in Weekly Inflows Amid Strong Institutional Demand
- US spot Bitcoin ETFs recorded $2.71 billion in weekly inflows, boosting total assets to $158.96 billion.
- The highest daily inflow occurred on Monday, with $1.21 billion, marking the second-largest single-day inflow since launch.
- Despite strong performance earlier in the week, Bitcoin ETFs faced a $4.5 million outflow on Friday due to market uncertainty from tariff announcements.
- BlackRock’s IBIT led with $74.2 million in daily inflows, while Fidelity’s FBTC and Grayscale’s GBTC experienced outflows of $10.18 million and $19.21 million, respectively.
- In October alone, there have been over 31 crypto ETF applications submitted to the SEC, indicating a potential surge in interest.
The recent influx of capital into Bitcoin ETFs reflects growing institutional confidence in digital assets as a viable investment option amidst macroeconomic uncertainties like tariff threats.
Overall, Bitcoin ETFs have shown resilience with significant inflows totaling $2.71 billion this week despite facing a minor outflow at week’s end.(Source)
