US spot Bitcoin ETFs attract 286 million dollars over two days
United States spot Bitcoin exchange-traded funds recorded 176 million dollars in net inflows on Tuesday, extending a two-day recovery to 286 million dollars.
FTMQ Crypto, written by our newsroom0 views
United States spot Bitcoin exchange-traded funds recorded about 176 million dollars in net inflows on Tuesday. Cointelegraph reported that this marked a second consecutive day of inflows, following 110 million dollars of net entries on Monday. The figures from data provider SoSoValue show two-day total net inflows reaching 286 million dollars. [2][3]
The recent inflows narrowed net outflows for the month of October down to 26 million dollars. According to Cointelegraph, the recovery came after funds experienced nearly 774 million dollars in withdrawals. The Crypto Fear and Greed Index remained in neutral territory during this period. [2][3]
Separately, Bloomberg Intelligence analyst Eric Balchunas amplified an analysis by analyst James Seyffart regarding the cost basis for ETF holders. Coinfomania reported that the shared analysis evaluated current Bitcoin market prices against the average entry points of US ETF investors. As FTMQ Crypto reported earlier, institutional Bitcoin valuations and accounting adjustments remain sensitive to movements above or below purchase cost bases. [1][6]
In short
- US spot Bitcoin ETFs recorded 176 million dollars in net inflows on Tuesday.
- Two-day net inflows into US spot Bitcoin ETFs reached 286 million dollars.
- Net outflows for October narrowed to 26 million dollars following the recent inflows.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Eric Balchunas Amplifies Analysis of Bitcoin’s ETF Cost BasisCoinfomania, 6d ago (the report this story comes from)
- [2]Bitcoin ETF inflows climb to $176M as BTC rebounds above $80KCointelegraph Main, 6d ago
- [3]Bitcoin ETF inflows climb to $176M as BTC rebounds above $80KCointelegraph Bitcoin, 6d ago
- [4]iShares Bitcoin Trust ETF (IBIT) Stock Price, News, Quote & HistoryYahoo! Finance Canada, 6d ago
Background
- [5]Truth Social on Wikipedia
- [6]Strategy estimates $4.1 billion tax benefit from Bitcoin price rise FTMQ Crypto, 28d ago
Our newsroom writes these reports with the help of software, from the 6 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
Related from FTMQ Crypto
Earlier reports of ours on the same people and subjects.
- United States spot Bitcoin ETFs log consecutive daily inflowsMarket Moves, 6d ago
- US Spot Bitcoin ETFs Record 134 Million Inflows Over First October DaysTop Stories, 30d ago
- Bitcoin holds around 86,000 dollars while United States stock indexes hit record highsBitcoin, 28d ago
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