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Crypto

Bitcoin ETFs Kick Off October with Record Inflows

Guavy AI Editorial Team
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BTC
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Bitcoin ETFs made a strong comeback in October after a down day on Wednesday. The US spot bitcoin exchange-traded funds saw net inflows of $102.7 million on Thursday, reversing the previous day's $148.7 million in outflows.

The combined net assets of these funds rose to $109.3 billion, while their cumulative net inflows reached $57.6 billion. This positive start to the month follows a strong quarter for Bitcoin, which saw a 42.71% price increase over the third quarter.

The current price of Bitcoin is near $85,900, up 2.1% in the past 24 hours according to CoinGecko. The Crypto Fear & Greed Index also remains in 'Greed' territory, with a reading of 72, down from 74 the previous day.

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