BlackRock’s iShares Bitcoin Trust leads the ETF gain with $22.4 B in inflows.
Bitcoin ETFs rebounds in October, surpassing $20 B in total inflows after losses.
Grayscale saw a $20 B outflow as other issuers gained nearly $2 B in new ETF investments.
Bitcoin ETFs have seen remarkable inflows, marking an unusual gain in institutional investments. ETFs from issuers like BlackRock, Fidelity, and Ark have experienced fluctuations, with net flows hitting record levels, including a weekly surge of over $2.1 billion.
These #Bitcoin ETF inflows are getting pure silly now.
+$2.1 BILLION DOLLARS IN A SINGLE WEEK.
Higher. pic.twitter.com/DhRD2iigYz
— Miles Deutscher (@milesdeutscher) October 18, 2024
Following a decline in early October, Bitcoin ETFs still see a solid rebound, surpassing $20 billion in overall inflows. By September 30, 2024, the total inflow had reached $61.3 million. However, it took a downturn, decreasing to $242.6 million on October 1, 2024, and then to $64.4 million on October 2, 2024.
However, the ETF market recovered quickly. By October 11, 2024, inflows were back up to $253.6 million and continued to clim…
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