Key Takeaways
- • US spot Bitcoin ETFs attracted $528 million in net inflows on Wednesday, extending the inflow streak to three sessions and bringing the three-day total to $1.08 billion, according to SoSoValue data.
- • October net inflows reached approximately $461 million after Wednesday's figures, and year-to-date net inflows stand at $1.34 billion.
- • BlackRock's iShares Bitcoin Trust (IBIT) led Wednesday's inflows with $235 million, followed by the Fidelity Wise Origin Bitcoin Fund (FBTC) with around $213 million, per Farside Investors data.
- • The inflows reversed two consecutive weeks of withdrawals, which totaled $228 million the prior week and $681 million the week before.
- • Bitcoin briefly surged to an intraday high of $84,777 before retreating to $82,485 at publication, according to CoinGecko.
Summary
US spot Bitcoin exchange-traded funds attracted $528 million in net inflows on Wednesday, according to SoSoValue data, as Bitcoin briefly surged above $84,700 before retreating. The inflows extended the funds' streak to three sessions, following $526.6 million on Monday and $23 million on Tuesday, for a combined $1.08 billion over the three days.
The latest inflows followed two consecutive weeks of withdrawals, with Bitcoin ETFs shedding $228 million in the prior week and $681 million the week before. Wednesday's flows lifted October's net inflows to approximately $461 million and year-to-date net inflows to $1.34 billion.
According to Farside Investors data, BlackRock's iShares Bitcoin Trust (IBIT) led Wednesday's activity with $235 million in inflows, followed by the Fidelity Wise Origin Bitcoin Fund (FBTC) with around $213 million.
Bitcoin rallied on Wednesday to an intraday high of $84,777 before pulling back to $82,485 at the time of publication, per CoinGecko.
Altcoin ETFs also recorded modest inflows. Ether ETFs posted $15 million in net inflows after a five-session outflow streak, Solana ETFs snapped a 13-day outflow streak with roughly $585,000 in inflows, and XRP ETFs added around $709,000.
The latest inflows followed two consecutive weeks of withdrawals, with Bitcoin ETFs shedding $228 million in the prior week and $681 million the week before. Wednesday's flows lifted October's net inflows to approximately $461 million and year-to-date net inflows to $1.34 billion.
According to Farside Investors data, BlackRock's iShares Bitcoin Trust (IBIT) led Wednesday's activity with $235 million in inflows, followed by the Fidelity Wise Origin Bitcoin Fund (FBTC) with around $213 million.
Bitcoin rallied on Wednesday to an intraday high of $84,777 before pulling back to $82,485 at the time of publication, per CoinGecko.
Altcoin ETFs also recorded modest inflows. Ether ETFs posted $15 million in net inflows after a five-session outflow streak, Solana ETFs snapped a 13-day outflow streak with roughly $585,000 in inflows, and XRP ETFs added around $709,000.
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