U.S. Spot Bitcoin ETFs See $235M in Net Inflows, Extending Positive Streak to Two Days
Fidelity’s FBTC led the charge with $103.68 million in inflows.
![U.S. Spot Bitcoin ETFs See $235M in Net Inflows, Extending Positive Streak to Two Days image 0](https://img.bgstatic.com/multiLang/image/social/8cb596bf2aca22cda63ea6a6fc792e561728378180335.jpg)
U.S. spot Bitcoin exchange-traded funds (ETFs) attracted $235.19 million in net inflows on Monday, marking a two-day streak of positive capital movement, according to data from SoSoValue .
Among the 12 ETFs tracked, Fidelity’s FBTC led the charge with $103.68 million in inflows.
Likewise, BlackRock’s IBIT, the largest spot bitcoin ETF by assets, saw $97.88 million in net inflows, recovering from zero flows reported last Friday.
More Funds See Inflows
Other notable entries include Bitwise’s BITB, which recorded $13.09 million in new investments, and Ark and 21Shares’ ARKB, which attracted $12.63 million.
VanEck’s HODL saw $5.37 million in inflows, while Invesco’s BTCO added $2.53 million.
Grayscale’s GBTC, the second-largest spot bitcoin ETF, along with six other ETFs, reported no inflows on Monday.
The total trading volume of the 12 bitcoin ETFs reached $1.22 billion on Monday, showing a slight increase from $1.19 billion on Friday and $1.13 billion on Thursday.
In contrast, U.S. spot Ethereum ETFs saw no inflows on Monday, following $7.39 million in net inflows on Friday and $3.2 million in outflows on Thursday.
The combined trading volume of the nine Ethereum ETFs dropped to $118.43 million, down from $148.01 million on Friday.
Amid these ETF movements, Bitcoin dipped 1.4% to $62,757, while Ethereum fell 2.09% to $2,442.
Digital Asset Investment Products See $147M Outflows
As reported, digital asset investment products recorded outflows of $147 million last week amid increasing investor caution in response to robust economic data.
Stronger-than-expected economic indicators have diminished hopes for significant interest rate cuts, dampening market sentiment.
Despite the cautious atmosphere, trading volumes for exchange-traded products (ETPs) edged up by 15% to $10 billion, even as broader crypto markets experienced lower activity.
Bitcoin was at the center of investor movements, experiencing outflows of $159 million.
However, products that short Bitcoin saw modest inflows of $2.8 million, indicating some hedging activity.
Ethereum followed the broader negative trend, registering $29 million in outflows as interest in the asset waned.
On the positive side, multi-asset investment products continued their winning streak, drawing $29 million in inflows, marking the 16th consecutive week of positive trends.
Since June, these products have attracted $431 million, accounting for 10% of assets under management, appealing to investors seeking diversified exposure across various digital assets.
After a rocky start, the “Uptober” narrative appears to be regaining strength, with Bitcoin stabilizing near levels seen last Monday, QCP Capital said in a recent note.
Strong Non-Farm Payroll (NFP) data and renewed interest from an upcoming HBO Bitcoin documentary have bolstered support around the $60,000 mark.
Despite last week’s volatility, options flows suggest a positive outlook for the fourth quarter, with notable interest in December BTC call spreads targeting the $75,000 and $95,000 levels, pushing the “Uptober” narrative further.
Expectations of further rate cuts and Bitcoin’s strong correlation with equities contribute to the market’s optimistic stance for a strong October performance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP Set for All-Time Highs if Weekly Close Tops This Level, Says Crypto Analyst
![](https://img.bgstatic.com/multiLang/image/social/af955857a6a9e3058a3ef61db049513b1739137460665.webp)
Has Pump.Fun launched their official crypto token? Fact check
Spanish Police Arrest 3 Men for Kidnapping UK Crypto Trader
A raid at the apartment found £8,000 in cash, weapons, and 25 grams of pink cocaine.
![](https://img.bgstatic.com/multiLang/image/social/4d771bb6f1b0c59c0f4c0d4d6b4be97e1739134802390.avif)
BONK Shows Reversal Alert After 40% Drop, 2T Token Burn Complete
Trending news
MoreCrypto prices
More![Bitcoin](https://img.bgstatic.com/multiLang/coinPriceLogo/bitcoin.png)
![Ethereum](https://img.bgstatic.com/multiLang/coinPriceLogo/ethereum.png)
![Tether USDt](https://img.bgstatic.com/multiLang/coinPriceLogo/0208496be4e524857e33ae425e12d4751710262904978.png)
![XRP](https://img.bgstatic.com/multiLang/coinPriceLogo/ripple.png)
![Solana](https://img.bgstatic.com/multiLang/coinPriceLogo/solana.png)
![BNB](https://img.bgstatic.com/multiLang/coinPriceLogo/binance.png)
![USDC](https://img.bgstatic.com/multiLang/coinPriceLogo/usdc.png)
![Dogecoin](https://img.bgstatic.com/multiLang/coinPriceLogo/dogecoin.png)
![Cardano](https://img.bgstatic.com/multiLang/coinPriceLogo/cardano.png)
![TRON](https://img.bgstatic.com/multiLang/coinPriceLogo/tron.png)