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Bitcoin ETFs return to inflows with $103M on Oct. 1
Bitcoin spot ETF net assets climbed to $109.3 billion, after $148.7 million in net outflows the prior day.
Cointelegraph reported that US spot Bitcoin exchange-traded funds flipped back to net inflows on the first trading day of October, kicking off a period dubbed ‘Uptober.’
The outlet cited SoSoValue data showing Bitcoin ETFs logged $102.7 million in net inflows on Thursday, following $148.7 million in net outflows on Wednesday, and that their combined net assets rose to $109.3 billion.
Cointelegraph also said cumulative net inflows reached $57.6 billion, after the ETFs posted $6.34 billion in third-quarter net inflows, including $2.65 billion in September.
In contrast, the report noted that Ether funds recorded a third straight day of net outflows, while Bitcoin was trading around $85,900 at the time of publication, up 2.1%.
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