Bitcoin Spot ETFs Continue Strong Inflow Streak with $241 Million Weekly Gain

Bitcoin spot exchange-traded funds (ETFs) have continued their streak of positive net inflows for a third consecutive week, adding $241 million from September 28 through October 2. This marks a sustained period of growth for the investment vehicles, which have become a significant part of the cryptocurrency market.

Leading the gains was BlackRock’s IBIT fund, which attracted $450 million during the period. This brings its cumulative net inflows to an impressive $65.73 billion. Another strong performer was Ark & 21 Shares’ ARKB, which added $25.5222 million, raising its total net inflows to $1.4 billion.

Not all funds experienced gains, however. Fidelity’s FBTC recorded the largest weekly outflow, losing $168 million. Despite this setback, its cumulative net inflows remain substantial at $10.9 billion.

Overall, Bitcoin spot ETFs now hold $108.89 billion in net assets, representing 6.42% of Bitcoin’s total market capitalization. The cumulative net inflows for these funds have reached $57.79 billion, underscoring their growing influence in the investment landscape.