Bitcoin ETFs Kickstart 'Uptober' with $103M Inflow

US spot Bitcoin ETFs have kicked off 'Uptober' with a strong positive start, attracting $102.7 million in net inflows on their first trading day of October.

This comes after a quarter where these funds saw their strongest performance this year, with cumulative net inflows reaching $57.6 billion and combined net assets rising to $109.3 billion.

The third quarter saw an influx of $6.34 billion in net inflows, including a significant $2.65 billion in September, as Bitcoin itself rose 42.71% over the period.

BTC traded at around $85,900 at the time of publication, up 2.1% over the past 24 hours, according to CoinGecko data.