Bitcoin ETFs Attract $137 Million as October Inflows Turn Positive
U.S.-listed spot Bitcoin exchange-traded funds (ETFs) recorded $137 million in net inflows on Wednesday, extending their positive streak to three consecutive trading days and returning October's cumulative flows to positive territory with just two trading sessions remaining in the month.
Data from SoSoValue showed that the latest inflows brought the three-day total to approximately $424 million. October's net inflows reached $111 million, reversing the negative balance that persisted through Tuesday following substantial withdrawals late last week.
Nearly $774 million flowed out of spot Bitcoin ETFs over the final two trading days of the previous week, leaving the funds' monthly performance under pressure before the latest recovery.
Federal Reserve Decision Adds to Market Uncertainty
The rebound in Bitcoin ETF flows coincided with the U.S. Federal Reserve's decision on Wednesday to leave its benchmark interest rate unchanged at a target range of 3.75% to 4%.
Fed Chair Kevin Warsh warned that inflation remained above the central bank's 2% target, highlighting the continued challenge of bringing price pressures under control.
With the Fed providing limited new direction for financial markets, Bitget analyst Lewis Huang said Bitcoin's near-term performance could become more sensitive to movements in Treasury yields, the U.S. dollar and broader investor risk sentiment.
Bitcoin Price and Market Sentiment
Bitcoin traded at $79,848 at the time of writing, down approximately 1% over the previous 24 hours, according to CoinGecko. The price decline came despite the return of positive monthly flows into U.S. spot Bitcoin ETFs.
The Crypto Fear & Greed Index remained at 51, classified as "Neutral," for a second consecutive day. The reading indicated no change in the index's overall sentiment classification during that period.
The combination of renewed ETF inflows and a daily decline in Bitcoin's price highlights that fund flows and short-term market performance do not necessarily move in the same direction.
Ether ETFs Continue to Record Outflows
Spot Ether (ETH) ETFs followed a different trend, recording another $21 million in net outflows on Wednesday. The withdrawals extended the funds' negative flow pattern, although the available source information does not provide the complete October cumulative figure for Ether ETFs.
With two U.S. trading sessions remaining in October, investors will be watching whether Bitcoin ETF inflows continue and how broader financial conditions influence cryptocurrency prices.
source: cointelegraph
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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