Bitcoin ETF · Bitcoin · Decrypt
'Uptober' Starts Green as Bitcoin ETFs Draw $134 Million
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Bitcoin ETFs are living up to the " Uptober " meme, so far at least.
Key facts
- U.S. spot Bitcoin ETFs drew $102.7 million on Thursday and another $31.7 million on Friday, 's Bitcoin ETF tracker
- The funds shed $148.7 million on Sept. 30, snapping a nine-session inflow streak that began Sept. 17
- Bitcoin briefly tested $87,173 on Friday, shy of its September high of $87,354, before pulling back
- Cumulative net inflows since the funds launched stand at $58.1 billion, and total net assets sit at $101.1 billion, 's tracker
Summary
U.S. spot Bitcoin ETFs drew $102.7 million Thursday and $31.7 million Friday, opening October with $134.4 million in net inflows, per Decrypt's tracker. The inflows followed a $148.7 million outflow on Sept. 30, which ended a nine-session streak. A soft jobs report cut October rate-hike odds, but Myriad traders still give a 93% chance Bitcoin won't hit a new high this year. U.S. spot Bitcoin ETFs drew $102.7 million on Thursday and another $31.7 million on Friday, 's Bitcoin ETF tracker.