Crypto
Q3 Bitcoin ETF Inflows Partially Offset First-Half Redemptions
Bitcoin ETFs saw a significant inflow of $6.3 billion in Q3, but the year's total remains near flat at $985 million. This is due to the fact that Q3 inflows covered most of the $5.4 billion in net outflows from the first six months of the year.
The quarterly inflows were uneven, with September's figure being about 25% below August's. The September 30 outflow of $148.7 million ended a nine-day inflow streak worth about $3.1 billion.
The available data does not establish whether investors were rebalancing portfolios or taking profits near the January peak. The issuers have not confirmed either explanation.