Key Points
- Bitcoin ETFs recorded their second inflow day this week at $371 million.
- BTC price holds above $67,000 following yesterday’s rally.
The US-based Bitcoin ETFs continue their inflow streak with $371 million in influxes recorded on October 15.
The crypto products debuted the week with a significant inflow day on October 14 at almost $556 million, the biggest inflow since early June, according to data from SoSoValue.
Bitcoin ETFs Inflows on October 15
Here are the inflows in BTC ETFs in the US yesterday:
- BlackRock’s Bitcoin ETF, IBIT, is leading with almost $289 million in influxes.
- Fidelity’s Bitcoin ETF, FBTC, recorded inflows of $35 million.
- Ark Invest and 21Shares’ Bitcoin ETF, ARKB, recorded inflows of almost $14.7 million.
- Grayscale’s Bitcoin ETF, BTC, saw inflows of $13.36 million.
- Also, Grayscale’s GBTC saw inflows of almost $8 million.
- VanEck’s Bitcoin ETF, HODL, recorded $7.56 million in inflows.
- Wisdom Tree’s Bitcoin ETF, BTCW, saw inflows of $2.84 million.
The other US-based Bitcoin ETFs did not record any inflows or outflows the other day.
According to data from SoSoValue, the total net assets locked in BTC ETFs as of October 15 were over $63.1 billion. The cumulative net inflow in the crypto products was over $19.7 billion.
While Bitcoin ETFs have seen two inflow days this week, the price of BTC has also recorded an ascendant trend, starting October 14.
Bitcoin Price Trades Above $67,000
At the moment of writing this article, BTC is trading above $67,000, up by almost 3% in the past 24 hours.
BTC’s price surged debuted at the beginning of the week when the coin started a price rally from $62,000, following a weekend marked by political events.
On October 15, BTC’s price spiked from $66,000 to over $67,700, before a slight correction, but the digital asset has been holding its price above the $67,000 level since.
According to analysts, BTC’s price rally is fuelled by multiple factors including the rising odds of Donald Trump winning the November US elections.
