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Spot Bitcoin exchange-traded funds In the United States have experienced their largest inflow in over four months, reflecting a surge of investor interest in Bitcoin as the cryptocurrency market rebounds.
<a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="noopener noreferrer nofollow">Data </a>from SoSoValue shows that on Oct. 14, net inflows across 12 Bitcoin ETFs amounted to $555.86 million, more than double the $253.54 million recorded on the previous trading day.
Among the 12 ETFs, Farside’s FBTC led with an impressive inflow of $239.25 million, marking its largest since June 4 and continuing its second consecutive inflow day. Bitwise’s BITB fund also saw strong inflows of $100.2 million, while <a href="https://crypto.news/tag/Blackrock/" target="_blank" rel="noopener noreferrer nofollow">BlackRock</a>’s IBIT recorded $79.51 million in new investments after a brief pause in activity.
Other notable funds, including ARK Invest and 21Shares’ ARKB, registered inflows of $69.8 million, and Grayscale’s GBTC recorded its first inflow since Sept. 27, with $37.77 million entering the fund. Grayscale’s GBTC has faced challenges, however, with cumulative outflows of $20.15 billion since its launch, despite the recent positive momentum.
Smaller funds such as HODL, EZBC, BTCO, the Grayscale Bitcoin Mini Trust, and Valkyrie’s BRRR collectively contributed an additional $29.34 million in inflows.
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As Bitcoin’s (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) price <a href="https://crypto.news/bitcoin-hits-66k-beginning-of-a-major-rally/" target="_blank" rel="noopener noreferrer nofollow">reached a two-week high</a> on Oct. 14, climbing from $62,500 to an intraday peak of $66,500, trading volumes across Bitcoin ETFs also surged. Total volume across the 12 Bitcoin ETFs soared to $2.61 billion, reflecting renewed optimism in the market.
By press time, Bitcoin was trading at $65,268, with ETF Store President Nate Geraci <a href="https://x.com/NateGeraci/status/1846015202564747387" target="_blank" rel="noopener noreferrer nofollow">describing </a>the day as a “monster day” for spot Bitcoin ETFs.
Over the past ten months, Bitcoin ETFs have attracted a staggering $19.36 billion in net inflows, with analysts forecasting further growth.
In an Oct. 14 X <a href="https://x.com/EricBalchunas/status/1845830274765967561" target="_blank" rel="noopener noreferrer nofollow">post</a>, Bloomberg senior ETF analyst Eric Balchunas compared Bitcoin ETFs to gold-based products, noting that Bitcoin funds have hit an all-time high five times since their January launch.
In contrast, gold ETFs have seen only $1.4 billion in net inflows this year, despite gold hitting record highs 30 times in 2024.
Ethereum ETFs struggle to match Bitcoin’s performance
While Bitcoin ETFs enjoyed a significant inflow day, Ethereum ETFs saw a comparatively muted response. Total net inflows for Ethereum-focused funds on Oct. 14 amounted to just <a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank" rel="noopener noreferrer nofollow">$17.07 million</a>, with BlackRock’s ETHA fund leading the pack at $14.31 million.
Fidelity’s FETH, Invesco’s QETH, and 21Shares’ CETH recorded smaller inflows of $1.31 million, $1.05 million, and $393.69K respectively, while other spot Ethereum ETFs saw no new inflows.
Despite the modest inflows, Ethereum ETF trading volumes did increase, reaching $210.4 million on Oct. 14, up from $143.54 million the day prior. Since their July launch, however, Ethereum ETFs have faced net outflows totaling $541.82 million. At the same time, Ethereum’s (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noopener noreferrer nofollow">ETH</a>) price showed signs of recovery, climbing 2.8% to $2,594 at press time.
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/coingecko-major-asset-classes-outperformed-bitcoin-in-q3/"> CoinGecko: Major asset classes outperformed Bitcoin in Q3 </a>

Spot Bitcoin ETFs record largest single-day inflow in over four months

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