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US Spot Bitcoin ETFs Attract $110 Million After $774 Million Outflow
US spot bitcoin ETFs recorded net inflows of about $110 million, partially offsetting the previous outflow of $774 million. The October total nevertheless remains negative.
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US spot bitcoin ETFs received about $110 million in net inflows, according to KuCoin and Cointelegraph. According to Cointelegraph, this was preceded by an outflow of $774 million.
Funds tracking ether, solana and XRP, by contrast, showed net outflows. According to Crypto Briefing, $88.58 million left the ether ETFs. The exact trading day is not specified in KuCoin's brief summary.
Despite Monday's inflow, US spot bitcoin ETFs remain in the red since the beginning of October: the net outflow for the month, according to Cointelegraph's estimate, is about $202 million.
ETF inflows add spot demand for BTC, while sustained outflows reduce it. The divergence in flows between bitcoin funds and altcoin ETFs may reflect a shift in institutional investors' preferences, but one day of data is not enough to draw a conclusion about a trend.
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Cointelegraph
Mídia especializada · EN · publicado 27 out, 07:35