Bitcoin ETF inflows fluctuate but overall positive as BTC rallies past $86K over weekend
US Bitcoin ETFs saw volatile flows last week, starting with net inflows early in the week before a large outflow on Sept. 30, mainly from Fidelity's FBTC. Demand rebounded on Oct. 1, led by BlackRock's IBIT, offsetting earlier withdrawals. Bitcoin's price mirrored this volatility, dropping below $83K midweek but recovering to close around $86,480 by Sunday, supported by hopes of a more patient Federal Reserve on interest rates. This weekend rally left BTC about 2.7% higher than its Sept. 28 opening despite midweek ETF selling pressure.
US Bitcoin ETFs saw volatile flows last week, starting with net inflows early in the week before a large outflow on Sept. 30, mainly from Fidelity's FBTC. Demand rebounded on Oct. 1, led by BlackRock's IBIT, offsetting earlier withdrawals. Bitcoin's price mirrored this volatility, dropping below $83K midweek but recovering to close around $86,480 by Sunday, supported by hopes of a more patient Federal Reserve on interest rates. This weekend rally left BTC about 2.7% higher than its Sept. 28 opening despite midweek ETF selling pressure.
What's Your Reaction?
