- Spot Bitcoin ETFs saw a second day of inflows.
- The funds attracted hundreds of millions from investors.
- The development came as the Bitcoin price surged past $65,000.
U.S.-listed spot Bitcoin ETFs saw inflows for a second consecutive day as the BTC price jumped to the highest level in two weeks.
The extended positive streak, which saw the funds attract hundreds of millions, likely contributed to the Bitcoin priceโs upward momentum amid a mixed reaction to Chinaโs latest stimulus and Vice President Kamala Harrisโ pledge to support a regulatory framework for crypto. CoinMarketCap data shows that BTC peaked at $66,435 early Tuesday before paring some of the gains to exchange hands at $65,350 at the time of writing.
Spot Bitcoin ETF Inflows
According to SoSoValue data, spot Bitcoin ETFs attracted $555.86 million on Monday, their highest daily total net inflow since June 4, when they pulled in $886.75 million. The funds also saw a trading volume of $2.61 billion, up from $2.06 billion on Friday.
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Fidelityโs FBTC led the dayโs inflows with $239.25 million, followed by Bitwiseโs BITB, BlackRockโs IBIT, and Ark Invest and 21Sharesโ ARKB at $100.2 million, $79.51 million, and $69.79 million, respectively.
Notably, Grayscaleโs GBTC posted its first inflow in 10 days, pulling in $37.77 million as VanEckโs HODL, Franklin Templetonโs EZBC, Invescoโs BTCO, and Valkyireโs BRRR saw a combined daily net inflow of $24.6 million.
While Grayscaleโs lower-fee exposure BTC attracted $4.68 million, WisdomTreeโs BTCW and Hashdexโs DEFI seemingly fell out of favor with investors on Monday, posting zero flows. None of the funds bled.
Compared to Bitcoin, Ether ETFs attracted a daily net inflow of $17.07 million on October 14, their highest since September 27. BlackRockโs ETHA led the funds with $14.31 million, ahead of Fidelityโs FETH, Invescoโs QETH, and 21Sharesโ CETH, which pulled in $1.31 million, $1.05 million, and $393,690, respectively.
Read how Craig Wright slammed Michael Saylorโs Bitcoin ambition:
Craig Wright Slams Michael Saylorโs Trillion-Dollar โBitcoin Bankโ Ambition
Stay updated on Vice President Harrisโs pledge to protect crypto investors:
Harris Vows To Protect Crypto Investors, but Skepticism Remains
