- Spot Bitcoin ETFs have turned positive after a three-day losing streak.
- The funds pulled hundreds of millions on Friday amid the Bitcoin price recovery.
- WisdomTree’s BTCW posted zero flows for the 15th consecutive day.
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 October 8 and October 10, during which the Bitcoin price plunged below $60,000 before breaking above $62,000 on Friday. CoinMarketCap data shows that as of press time, BTC had gained over 3.3% in the last 24 hours to exchange hands at $62,736.
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 September 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.
Sponsored
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 October 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.
Stay updated on Metaplanet’s latest Bitcoin acquisition:
Metaplanet’s Bitcoin Bag Eclipses $46 Million After New Purchase
Read why Schiff was upset with HBO’s Satoshi documentary:
Satoshi Documentary Riles up Schiff Over Commentary Snub
