đâ¨ď¸US Spot Bitcoin ETF Sees Biggest Single-Day Inflow of $556M Since Juneđ˛
đ°US Spot Bitcoin exchange-traded funds (ETFs) attracted over $500 million in inflows as the Bitcoin price surpassed $66,000, Cointelegraph reported.
US Spot Bitcoin ETFs saw their biggest single-day inflows in over four months, with inflows exceeding $500 million.
The 11 ETFs saw combined net inflows of $555.9 million on Oct. 14, the largest single-day net inflows since early June, according to data from Farside Investors.
đThe big day coincided with Bitcoin hitting a two-week high of $66,500 in after-hours trading. ETF outlet president Nate Geraci called it a âmonster dayâ for spot BTC ETFs, adding that net inflows over the past 10 months were close to $20 billion. â
This is simply incredible and exceeds all pre-launch demand estimates,â he posted on X on Oct. 15. âThis is not âretail hype,â but slow and continued acceptance by advisors and institutional investors.â
Fidelity Smart Bitcoin Origins Fund (FBTC) led the way with inflows of $239.3 million, hitting its highest level since June 4.
The Bitwise Bitcoin ETF (BITB) saw inflows of just over $100 million, while BlackRock's iShares Bitcoin Trust (IBIT) attracted $79.6 million.
The Ark 21Shares Bitcoin ETF (ARKB) saw inflows close to $70 million, and the Grayscale Bitcoin Trust (GBTC) saw its first inflow in October at $37.8 million, its highest level since early May.
Interesting what the Bitcoin ETF has caused đ
