US spot Bitcoin ETFs drew $528 million in net inflows on Wednesday, their third straight session of inflows. The three sessions combined brought in $1.08 billion, even as Bitcoin pulled back from an intraday high.
US spot Bitcoin exchange-traded funds attracted $528 million in net inflows on Wednesday as Bitcoin briefly surged above $84,700 before retreating.
Three-session streak lifts October flows
The funds extended their inflow streak to three sessions, adding $23 million on Tuesday and $526.6 million on Monday, according to SoSoValue data. The three sessions drew in a combined $1.08 billion.
Wednesday's inflows brought October's net inflows to approximately $461 million, while year-to-date net inflows reached $1.34 billion. According to Farside Investors data, BlackRock's iShares Bitcoin Trust (IBIT) led with $235 million, followed by the Fidelity Wise Origin Bitcoin Fund (FBTC) with around $213 million.
Inflows follow two weeks of withdrawals
However, the latest inflows came after two consecutive weeks of withdrawals, with Bitcoin ETFs shedding $228 million last week and $681 million the week before.
Bitcoin's rally on Wednesday took it to an intraday high of $84,777 before it pulled back to $82,485 at the time of publication, according to CoinGecko.
Altcoin ETFs record modest inflows
Altcoin ETFs also recorded modest inflows. Ether ETFs stopped the bleeding with $15 million in net inflows after a five-session outflow streak.
Solana ETFs snapped a 13-day outflow streak with approximately $585,000 in inflows, and XRP ETFs added around $709,000.
Source: Cointelegraph
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