- 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 price’s upward momentum amid a mixed reaction to China’s latest stimulus and Vice President Kamala Harris’ 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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Fidelity’s FBTC led the day’s inflows with $239.25 million, followed by Bitwise’s BITB, BlackRock’s IBIT, and Ark Invest and 21Shares’ ARKB at $100.2 million, $79.51 million, and $69.79 million, respectively.
Notably, Grayscale’s GBTC posted its first inflow in 10 days, pulling in $37.77 million as VanEck’s HODL, Franklin Templeton’s EZBC, Invesco’s BTCO, and Valkyire’s BRRR saw a combined daily net inflow of $24.6 million.
While Grayscale’s lower-fee exposure BTC attracted $4.68 million, WisdomTree’s BTCW and Hashdex’s 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. BlackRock’s ETHA led the funds with $14.31 million, ahead of Fidelity’s FETH, Invesco’s QETH, and 21Shares’ CETH, which pulled in $1.31 million, $1.05 million, and $393,690, respectively.
Read how Craig Wright slammed Michael Saylor’s Bitcoin ambition:
Craig Wright Slams Michael Saylor’s Trillion-Dollar ‘Bitcoin Bank’ Ambition
Stay updated on Vice President Harris’s pledge to protect crypto investors:
Harris Vows To Protect Crypto Investors, but Skepticism Remains
