Bitcoin ETPs are experiencing their biggest seven-day inflow since July, with a total of 25,675 BTC ($1.74 billion) being invested. Since October 14th, bitcoin ETFs have seen approximately $1.9 billion (21,450 BTC) in net inflows. On October 17th, ether also saw a significant inflow of $48.4 million, the largest since September 27th. The current surge in bitcoin’s price has led to increased interest from investors worldwide in exchange-traded products tied to the leading cryptocurrency. In total, global ETPs now hold 1.1 million BTC, equivalent to the amount held in Satoshi’s wallet. This influx of investment can be attributed to factors such as expectations for Federal Reserve rate cuts and the increasing likelihood of a pro-crypto Donald Trump winning the upcoming U.S. Presidential election. U.S.-listed spot ETFs have also experienced strong uptake, attracting nearly $1.9 billion since October 14th. This amount is equivalent to 21,450 BTC, which represents approximately 48 days of mined supply. Furthermore, these spot ETFs have received over $20 billion in net inflows since their inception, surpassing the level reached by Gold ETFs in the same timeframe. In addition to bitcoin, ether ETFs also saw a notable inflow of $48.4 million on October 17th, the largest since September 27th. This investment was spread across issuers, with BlackRock’s ETHA receiving $23.6 million and Fidelity FETH seeing a $31.1 million inflow, approaching $500 million in net inflows.
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Global Bitcoin ETPs Register Biggest Seven-Day Inflow Since July
