U.S.-listed spot Bitcoin exchange-traded funds (ETFs) attracted hundreds of millions from investors on Friday, breaking their three-day losing streak.
Major U.S.-listed spot Bitcoin exchange-traded funds (ETFs) attracted hundreds of millions from investors on Friday, breaking their three-day losing streak.
The funds bled a combined $179.98 million between Oct. 8 and Oct. 10, during which the Bitcoin price plunged below $60,000 before breaking above $62,000 on Friday. As of press time, BTC had gained over 3.3% in the last 24 hours to exchange hands at $62,736, CoinMarketCap data shows.
Spot Bitcoin ETFs See $253 Million Inflows
According to SoSoValue data, spot Bitcoin ETFs in the U.S. logged a daily net inflow of $253.54 million, their highest record since Sept. 27 when they pulled $494.27 million. The funds also saw a daily trading volume of $2.06 billion, up from $1.36 billion the previous day.
Among the seven funds, Fidelity’s FBTC led the day’s inflows with $117.1 million, followed by Ark Invest and 21Shares’ ARKB, Bitwise’s BITB, VanEck’s HODL, and Invesco’s BTCO, which attracted $97.58 million, $38.81 million, $14.26 million, and $7.88 million, respectively.
Grayscale’s GBTC was the only fund that bled on Oct. 11, recording an outflow of $22.09 million. The remaining funds including BlackRock’s IBIT, the world’s largest spot Bitcoin ETF by net assets, posted zero flows.
In contrast to spot Bitcoin ETFs, Ethereum funds in the U.S. saw a mild daily net outflow of $97,110. Fidelity’s FETH was the only Ether ETF that attracted an inflow, pulling $8.61 million. This was overshadowed by Grayscale’s ETHE, which bled $8.71 million.
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