Bitcoin ETF Inflows Hit $17.07 Million as BTC Price Eyes Bullish Breakout

Bitcoin is showing signs of renewed buying interest as spot Bitcoin ETFs record a fourth consecutive day of net inflows and large wallets accumulate BTC despite broader market weakness. According to SoSoValue, Bitcoin ETFs attracted fresh capital on October 29, while Ethereum ETFs continued to experience withdrawals. Meanwhile, on-chain data from Lookonchain highlights a significant Bitcoin transfer from Galaxy Digital to newly created wallets, adding to the market’s accumulation narrative. According to the supplied SoSoValue data, spot Bitcoin ETFs recorded $17.0719 million in net inflows on October 29 (ET). This marked their fourth consecutive day of positive flows, indicating continued investor demand for Bitcoin through regulated investment products. In contrast, spot Ethereum ETFs recorded $105 million in net outflows, also extending their negative streak to four consecutive days.

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