U.S. Spot Bitcoin Funds Take In $1.07 Billion Over Three Sessions

U.S. spot Bitcoin funds recorded $1.0747 billion in net inflows over three trading sessions from Monday through Wednesday, providing a three-session snapshot of fund flows ahead of the Federal Reserve’s next scheduled policy meeting. The funds took in $526.7 million on Monday, Oct. 19, and $23.2 million on Tuesday, Oct. 20. Inflows reached $524.8 million on Wednesday, Oct. 21, bringing the combined total to $1.0747 billion. The flow figures come amid recent inflation data and a policy backdrop that includes the Federal Open Market Committee’s (FOMC) September rate increase. The committee voted 12-0 on Sept. 16 to raise its federal funds target range by 25 basis points, to 3.75%-4%. At the Sept. 16 meeting, most FOMC participants judged another increase would likely be appropriate by year-end.

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