Funds Attracting $308 Million Bring Bitcoin ETFs Back to Positive Returns


Bitcoin ETFs Reverse Three-Day Decline with $254 Million Inflow
Spot Bitcoin exchange-traded funds (ETFs) had net inflows of $236.19 million on Monday, October 7, after a net outflow of $300 million in the first week of October. The investment funds saw a three-day decrease from October 8-10, leading to a loss of $179.98.

The largest daily capital investment in these Bitcoin ETFs since two weeks ago occurred on Friday, October 12, with $253.54 million. With $117.10 million in revenue, the majority came from Fidelity's FBTC.

The amount of $97.58 million was contributed by Ark & 21 Shares Investors, while Bitwise's portion was $38.81 million. HODL (VanEck) and BTCO (Invesco) also earned $14.26 and $7.88 million, respectively. No funds were added to any Bitcoin spot ETFs, including BlackRock's IBIT, with the exception of Grayscale's GBTC outflow of $22.09 million.

Net assets in the spot market for Bitcoin increased to $58.66 billion, or 4.71% of the market value, after strong gains in the last week. Among these assets, 40% belong to BlackRock's IBIT, which is 369,640.1 BTC valued at $23.30 billion. The largest Bitcoin spot ETF was Grayscale's GBTC, which held 600,000 BTC tokens. The fund's 220,177.5 BTC are worth $13.85 billion, putting it in second position, after massive withdrawals of $20.19 billion.


Additionally, last week, spot Ethereum ETFs lost $5.22 million. This is the tenth week in a row that the Spot Ether ETFs have had negative returns, despite a $25.47 million decrease from the first week of October. Curiously, only one day last week did these accounts collect $3.06 million.

Currently, $558.88 million is being pulled out of Ethereum ETFs. The total amount traded in this market is $143.54 million.

In the last day, Ethereum's price has risen 0.78 percent to $2,459. Meanwhile, Bitcoin's price has risen 0.22% to $62,725.

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