Crypto
Bitcoin ETFs Kickstart 'Uptober' with Over $100M in Inflows
US spot Bitcoin exchange-traded funds (ETFs) have started 'Uptober' on a positive note, attracting $102.7 million in net inflows on their first trading day of October.
This is a reversal from the previous day's $148.7 million in net outflows and brings the combined net assets of these funds to $109.3 billion.
Bitcoin ETFs have seen significant growth, with cumulative net inflows reaching $57.6 billion since their inception.
The positive start to the month follows a strong third quarter, where Bitcoin rose 42.71% and Bitcoin ETFs saw $6.34 billion in net inflows, including $2.65 billion in September alone.