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Bitcoin

Bitcoin ETFs Pull In a Massive $550M in Just 48 Hours

Image: Cointribune

US spot Bitcoin ETFs have just attracted nearly 550 million dollars in two sessions. After 526.6 million dollars on Monday, the funds added 23.16 million on Tuesday. The turnaround is quick: they had lost about 228.6 million the previous week. Meanwhile, Ether ETFs remain in the red with 129.41 million dollars of outflows since Monday. Monday did almost all the work. US Bitcoin ETFs attracted 526.6 million dollars on October 19. Alone, BlackRock’s IBIT had received 665.16 million dollars , offsetting withdrawals recorded at Fidelity and Grayscale. Tuesday, the movement slowed significantly. Net inflows no longer exceed 23.16 million dollars. The balance remains positive for a second consecutive session. In total: 549.76 million dollars in two days. IBIT attracted another 29.86 million on Tuesday.

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