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Bitcoin

US spot Bitcoin ETFs post $176 million inflow, extend 2-day recovery

Image: CoinTurk News

US-listed spot Bitcoin exchange-traded funds recorded approximately $176 million in net inflows on Tuesday, marking a continued rebound for the second straight trading day. Data from financial analytics platform SoSoValue indicated an increase from the previous day’s net inflows of $110 million, resulting in a combined two-day total of $286 million. The renewed investor interest in spot Bitcoin ETFs followed significant outflows of nearly $774 million last Thursday and Friday. Despite this volatility, net outflows for October narrowed to about $26 million as of Tuesday. Year-to-date, these ETFs reported roughly $850 million in net inflows, reflecting ongoing demand from investors. The spot Bitcoin ETFs are regulated investment funds that allow US investors to gain direct exposure to the price movements of Bitcoin without owning the asset itself.

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