BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), saw a massive net inflow of $393.40 million on October 16. 🚀 This was the largest inflow since July.

Spot Bitcoin ETFs recorded a total net inflow of $458.54 million on Wednesday. BlackRock’s IBIT led the way, while Fidelity’s FBTC saw inflows of $14.81 million and Bitwise’s BITB saw inflows of $12.93 million.

The BTC price has increased by 11% in the past week, reaching over $67,000. The total assets of spot Bitcoin ETFs in the US have reached $64.46 billion.

The crypto market has seen increased activity with the upcoming US presidential elections. The possibility of Republican candidate Donald Trump winning in particular has created a positive atmosphere in the markets.

Bitcoin whale transactions have also reached their highest level in the last ten weeks. As Bitcoin discussions increase on social media, analysts say short-term declines may be temporary. 📈