Spot Bitcoin ETFs See Net Inflows of $555.86M

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Data from SoSoValue revealed that on October 14, net inflows for 12 Bitcoin exchange-traded funds (ETFs) reached $555.86 million, which was more than double the $253.54 million recorded on the previous trading day.

Leading the pack among the 12 ETFs was Fidelity’s FBTC with an impressive inflow of $239.25 million, marking its largest inflow since June 4 and extending its streak of consecutive inflow days to two.

Bitwise’s BITB also saw significant inflows of $100.2 million, while BlackRock’s IBIT recorded $79.51 million in new investments after a temporary pause in activity.

Other notable funds, such as ARK Invest and 21Shares’ ARKB, attracted $69.8 million in inflows, and Grayscale’s GBTC recorded its first inflow since September 27, with $37.77 million entering the fund.

However, despite the recent positive momentum, Grayscale’s GBTC has faced challenges and has experienced cumulative outflows of $20.15 billion since its launch.