Cryptos: 8 650
Exchanges: 53
Market capitalization: $2.48T

US Spot Bitcoin ETFs Recover $110M,但 October Still Net Negative at $202M

US spot Bitcoin ETFs regained about $110 million on Monday, yet the product class remains in net outflows for October.

US spot Bitcoin exchange-traded funds recorded a partial rebound on Monday, with inflows of roughly $110 million following a prior day in which investors pulled out about $774 million. The recovery trimmed the scale of recent withdrawals but did not reverse the broader trend for the month.

Despite the bounce, October remains a month of net redemptions for the funds, with cumulative net outflows of approximately $202 million so far. The figures point to continued caution among holders of the regulated products even as daily flows swing in both directions.

Market context

Bitcoin ($BTC-2.24%) was trading near $79,721 at the time of the data, down 0.40% over the past 24 hours and 2.42% over seven days. Trading volume over the previous day reached about $10.2 billion, indicating active market participation alongside the ETF flow swings.

The modest price softness over the week aligns with the mixed picture in fund flows, where a single day of strong inflows has not yet offset the larger outflows earlier in the period.

6

Comments

0

No comments yet. Be the first

CMC.IO provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CMC.IO tracks community growth, open-source code development, major events and on-chain metrics.

IMPORTANT DISCLAIMER: All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms "Site" is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.

© 2023 CMC.IO. All rights reserved