Bitcoin ETFs in the US experienced a surge of inflows, surpassing $3 billion in October. This demand reached its highest level in six months, with the majority of inflows coming from BlackRock’s IBIT, the largest ETF by net assets. The previous week saw even more bullish inflows, with over $2 billion recorded, marking the first time weekly inflows into Bitcoin ETFs exceeded $2 billion since March 2024. The total inflows for October now stand at over $3.07 billion. This increased demand has also led to a six-month high in spot Bitcoin ETF demand, driven mostly by retail investors. The total Bitcoin held in these ETFs is approaching 1 million Bitcoin, potentially surpassing the amount held by Satoshi Nakamoto.
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Bitcoin ETF inflows surpass $3b in October, demand hits six-month high
