US Bitcoin Spot Funds See $556 Million Inflows on Biggest Day Since June
US-based Bitcoin spot funds saw inflows of more than half a billion dollars as the cryptocurrency topped $66,000.
ETF Store President Nate Geraci called it a “huge day” for Bitcoin spot funds, noting that net inflows have approached $20 billion over the past 10 months.
“This is unbelievable and exceeds all previous expectations of demand prior to launch,” Geraci wrote in an Oct. 15 X post. “It’s not just retail investor demand, it’s slow adoption by advisors and institutional investors.”
Fidelity Wise Bitcoin Origin (FBTC) led the pack with $239.3 million inflows, its highest since June 4.
