CandleFocus Bitcoin ETF inflows surpass $3b in October, demand hits six-month high
2024-10-26
Author: Content Editor
In October, U.S. spot Bitcoin ETFs saw significant inflows, reaching over $3 billion, with BlackRock's IBIT leading the way. The past week alone saw inflows of nearly $1 billion, with four days of positive flows. This marks the highest level of demand for Bitcoin ETFs in six months. The majority of the inflows came from retail investors, with institutional ownership accounting for approximately 20%. The total Bitcoin held in these ETFs is nearing 1 million BTC, close to surpassing the amount held by Bitcoin's anonymous creator, Satoshi Nakamoto. However, at present, Bitcoin's price has decreased to $67,007.
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