U.S.-based Bitcoin spot ETFs experienced record inflows in October, led by BlackRock’s impressive $2.11 billion boost.
October 2024 marked a significant milestone for spot Bitcoin ETFs, which saw their highest net weekly inflows since March. As the U.S. presidential elections approached, market momentum intensified, resulting in notable net gains in Bitcoin ETF holdings.
In under a year since their launch, Bitcoin ETFs have collectively amassed over 1 million BTC, valued at approximately $70 billion.
