Bitcoin ETFs Flooded with $103M as 'Uptober' Begins

Bitcoin ETFs marked their return to net inflows in October after a strong third quarter. On Thursday, US spot Bitcoin exchange-traded funds (ETFs) saw $102.7 million in net inflows, following Wednesday's $148.7 million in net outflows, according to SoSoValue data.

The combined net assets of these funds rose to $109.3 billion, while cumulative net inflows reached $57.6 billion. This positive start to the month followed $6.34 billion in third-quarter net inflows, including $2.65 billion in September, during which Bitcoin rose 42.71%.

Bitcoin traded at around $85,900 on Thursday, up 2.1% over the past 24 hours, according to CoinGecko. Meanwhile, alternative.me's Crypto Fear & Greed Index slipped to 72 from 74 a day earlier, remaining in 'Greed' territory.