Spot Bitcoin ETFs Back To Positive Returns With $308 Million Inflows – Details

Quick Summary:

Related Reading: US Spot Bitcoin ETFs Become Second-Largest Holder Of BTC Behind Satoshi Spot Bitcoin ETFs Halt Three-Day Decline With $254 Million Inflow Following the $300 million net outflow recorded in the first week of October, the spot BTC ETF market opened last week on a positive note recording net inflows of $236.19 million on Monday, October 7.

According to data from SoSoValue, the US-based spot Bitcoin ETFs have recorded over $300 million in net inflows over the past week, representing a return to the market’s positive trajectory after a bearish first week in Q4 2024.  Meanwhile, the Spot Ethereum ETFs still retain a negative performance despite a reduction in net outflows.

Related Reading: Bitcoin ETF Options Set To Supercharge Price Volatility, Expert Warns Spot Ethereum ETFs Maintain Negative Return Streak In other news, the spot Ethereum ETFs produced another dismal performance in the past week, recording net outflows of $5.22 million.

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Article Details

Author / Journalist: Semilore Faleti

Category: Crypto

Markets: United Kingdom

Topics: Spot Ethereum ETFs Grayscale BlackRock Positive weekly returns Bitcoin Spot Bitcoin ETFs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-13 @ 12:00:33 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 437 words

Reading Time: 3 minutes read

Sentences: 61 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23019859

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 8 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 12 hours ago

Coverage Areas: United Kingdom

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