Bitcoin ETFs Swell with $2.95 Billion Influx Amid Senate Rejection

U.S. spot Bitcoin ETFs have seen a significant surge in demand over the past 30 days, attracting nearly $2.95 billion in investments.

The funds experienced an eight-day streak of net inflows, starting from September 17, with BlackRock's IBIT gaining $54.84 million on that day alone.

However, Grayscale's GBTC and Fidelity's FBTC saw losses of $23.19 million and $10.90 million, respectively.

The latest influx comes after a sharp one-day outflow of $450.4 million on September 15, which was followed by the Senate rejecting a motion to advance the Digital Asset Market CLARITY Act by a narrow margin of 49-50 votes.