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Global Bitcoin ETPs Register Biggest Seven-Day Inflow Since JulyBitcoin Jumps Above $67K to Nearly a Three-Month High
Coin Desk
Coin Desk
-October 18, 2024

Global Bitcoin ETPs Register Biggest Seven-Day Inflow Since JulyBitcoin Jumps Above $67K to Nearly a Three-Month High

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Bitcoin ETFs Are Making Major Waves: $1.74 Billion Inflows!

Bitcoin exchange-traded products (ETPs) just had their biggest week since July, raking in a whopping $1.74 billion (25,675 BTC) in net inflows! Investors are clearly hype about BTC's price bounce back, with Bitcoin up 15% since early October. Looks like everyone wants a piece of that crypto pie!

Investors Flocking to Spot ETFs Like It's Hot!

Since mid-October, spot Bitcoin ETFs have bagged nearly $1.9 billion (21,450 BTC), showing that these funds are the new go-to for crypto investors. With around 48 days' worth of mined Bitcoin bought up, it's clear that demand is off the charts! ๐Ÿš€

Ether's Got Some Moves Too: Biggest Inflow Since September!

On October 17, ether spot ETFs saw a significant boost with $48.4 million coming inโ€”its biggest influx since late September. This highlights growing interest in ETH as it aims to keep pace with Bitcoin's booming popularity. ๐ŸŒŸ

Crypto Market Buzzing Amid Election and Fed Speculations!

With rising expectations for potential Fed rate cuts and the upcoming U.S. election, the crypto scene is buzzing! Many are betting on a pro-crypto candidate, which could be fueling this bullish momentum.

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