Ethereum

Bitcoin ETF

Bitcoin

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Bitcoin ETFs experience significant inflows, led by Fidelity’s FBTC and BlackRock’s IBIT.</li>
 <li>Ethereum ETFs see no new inflows and a decrease in trading volume on October 7th.</li>
</ul>
<p>Despite a sluggish beginning to October for <a href="https://coineagle.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs, there are indications of recovery.</p>
<p>Farside Investors reported notable inflows into BTC ETFs on October 7th, totaling $235.2 million, marking two days of positive capital movement.</p>
<h2 id="fidelity-s-fbtc-etf-takes-the-lead">Fidelity’s FBTC ETF Takes the Lead</h2>
<p>Fidelity’s FBTC ETF led the influx, attracting $103.7 million.</p>
<p>BlackRock’s IBIT, the largest Bitcoin ETF by assets, also experienced a strong inflow of $97.9 million, bouncing back from zero activity on October 4th.</p>
<p>Other ETFs such as Bitwise’s BITB, Ark and 21Shares’ ARKB, VanEck’s HODL, and Invesco’s BTCO also saw inflows.</p>
<p>However, Grayscale’s GBTC and six other ETFs saw no new inflows on October 7th.</p>
<p>Despite this, the total trading volume across all 12 ETFs reached $1.22 billion, a steady increase from previous days.</p>
<h2 id="bitcoin-s-price-and-ethereum-etfs">Bitcoin’s Price and Ethereum ETFs</h2>
<p>As Bitcoin ETFs attract more investor attention, Bitcoin’s price has been struggling, currently trading around $62,497.</p>
<p>This coincides with a significant legal decision by the U.S. Supreme Court regarding the ownership of a large amount of Bitcoin seized from the Silk Road dark web marketplace.</p>
<p>In contrast to BTC ETFs, US spot <a href="https://coineagle.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> ETFs saw no activity on October 7th, following inflows and outflows in the previous days.</p>
<p>Additionally, trading volume across nine ETH ETFs declined.</p>
<p>On the price front, Ethereum was down by 1.35%, trading at $2,436, reflecting the shifting dynamics in the crypto space.</p>

Bitcoin ETF Sees $235.2M Influx Marking an Investor Comeback?

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