**Bitcoin ETFs Hit $20 Billion Milestone Amid Price Slump**

Spot Bitcoin exchange-traded funds (ETFs) in the U.S. have achieved a significant milestone, crossing $20 billion in total net flows as of October 17. This comes despite Bitcoin's price being stuck in a seven-month downtrend.

- **Key Figures**: The $20 billion mark is considered the "most difficult metric to grow" for ETFs, according to Bloomberg's senior ETF analyst Eric Balchunas.

- **Comparison**: It took Bitcoin ETFs just 10 months to reach this milestone, whereas gold ETFs took about five years.

- **Market Context**: Bitcoin’s price has struggled to rise above $68,300 since June 2024, reflecting ongoing market challenges.