US Bitcoin ETFs Surpass $1B in 3-Day Inflow Streak With $528M Wednesday Haul
Spot Bitcoin exchange-traded funds in the United States accumulated $1.08 billion across three consecutive trading days, bringing October's total flows into positive territory.
Spot Bitcoin exchange-traded funds (ETFs) in the United States pulled in $528 million in net inflows during Wednesday's trading session as Bitcoin's price momentarily climbed beyond $84,700 before experiencing a pullback.
The investment vehicles continued their positive inflow momentum for a third consecutive trading session, bringing in $23 million during Tuesday's session and $526.6 million on Monday, based on data from SoSoValue. Across these three trading sessions, the combined total inflows reached $1.08 billion.
The $528 million in inflows recorded on Wednesday pushed October's cumulative net inflows to roughly $461 million, bringing the year-to-date total net inflows to $1.34 billion.
Data from Farside Investors indicates that BlackRock's iShares Bitcoin Trust (IBIT) dominated Wednesday's inflow activity with $235 million, while the Fidelity Wise Origin Bitcoin Fund (FBTC) came in second place with approximately $213 million.
These recent positive inflows came on the heels of two straight weeks of capital withdrawals, during which Bitcoin ETFs experienced outflows totaling $228 million in the previous week and $681 million in the week prior to that.
Wednesday witnessed Bitcoin's price rally to an intraday peak of $84,777 before experiencing a decline to $82,485 as of the time of publication, based on data from CoinGecko.
Alternative cryptocurrency ETFs also saw modest positive flows. Ether ETFs reversed their negative trend with $15 million in net inflows following a five-session streak of outflows. Solana ETFs broke a 13-day outflow streak by recording approximately $585,000 in inflows, while XRP ETFs contributed around $709,000 in net inflows.