Full Support from Institutions to Bitcoin Bull: ETFs Hit 4-Month High! - Coin Bulletin

Spot Bitcoin ETFs in the US recorded their largest inflow since June, with a total net inflow of $555 million.

In the US, spot Bitcoin exchange-traded funds (ETFs) saw their largest inflow since June 4, recording a total net inflow of $555.8 million on Monday, October 14. Out of the 12 spot Bitcoin ETFs, 10 reported net inflows, and none experienced net outflows.

According to SoSoValue, Fidelity's FBTC ETF led the way on Monday with a $239.25 million inflow. Bitwise's BITB ETF came in second with a net inflow of $100 million.

The IBIT fund of BlackRock, the largest spot Bitcoin ETF in terms of net asset value, recorded a net inflow of $79.5 million, while there was an inflow of approximately $70 million into the ARKB ETF of Ark & 21Shares. Grayscale's GBTC fund also reported net inflows of more than $37 million on Monday.

VanEck, Valkyrie, Invesco, Franklin Templeton and Grayscale’s mini trust spot Bitcoin funds also saw net inflows in smaller amounts. WisdomTree and Hashdex’s spot Bitcoin ETFs, on the other hand, recorded zero trading volume throughout the day.

A total of 12 spot Bitcoin funds traded over $2.61 billion on Monday. This level was the highest volume since August 23. BlackRock's IBIT fund accounted for $1.67 billion of this volume. Total net inflows since their launch in January have now reached $19.36 billion.

ETF Store president Nate Geraci, in a statement on social media platform X, said, "We are approaching a $20 billion net inflow in 10 months", describing this situation as incredible and emphasizing that demand is far beyond expectations before the launch.

Ethereum ETFs are also positive

Spot Ether ETFs experienced the largest positive inflow of 17.07 million dollars on Monday this month.

BlackRock's IBIT fund led with a net inflow of 14.31 million dollars, while Fidelity's FETH ETF saw an inflow of 1.31 million dollars. Inflows were also recorded for Invesco's QETH and 21Shares' CETH funds.