Donald Trump

Bitcoin

BlackRock

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin ETFs saw continuous inflows this week, totaling over $1.38 billion.</li> 
 <li>BTC price holds above $67,000.</li> 
</ul> 
<p>The US-based Bitcoin ETFs recorded their 4th consecutive inflow day since the past week, totaling more than $1.38 billion this week alone, according to data from SoSoValue.</p> 
<figure id="attachment_51888" aria-describedby="caption-attachment-51888" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/10/17oct.png"><img loading="lazy" decoding="async" class="wp-image-51888 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/10/17oct.png" alt="SoSoValue data" width="593" height="494" title="Bitcoin ETFs Recorded Over $1.38B in Inflows This Week 20" srcset="https://crypto.ro/en/wp-content/uploads/2024/10/17oct.png 593w, https://crypto.ro/en/wp-content/uploads/2024/10/17oct-300x250.png 300w" sizes="(max-width: 593px) 100vw, 593px"></a>
 <figcaption id="caption-attachment-51888" class="wp-caption-text">
  SoSoValue data
 </figcaption>
</figure> 
<p>On October 16, BTC ETFs saw more than $458.5 million in inflows, with BlackRock’s BTC ETF, IBIT, leading the numbers.</p> 
<h2 id="btc-etfs-inflows-between-october-14-october-16">BTC ETFs Inflows Between October 14 – October 16</h2> 
<p>Yesterday, BTC ETFs saw their third consecutive inflow day this week. Here are the influxes in the crypto products:</p> 
<ul> 
 <li>BlackRock’s Bitcoin ETF, IBIT, saw the most inflows at $393.4 million.</li> 
 <li>Fidelity’s Bitcoin ETF, FBTC, recorded $14.81 million in inflows.</li> 
 <li>Bitwise’s Bitcoin ETF, BITB, recorded $12.93 million in influxes.</li> 
 <li>Franklin Templeton’s Bitcoin ETF, EZBC, saw almost $11.8 million in inflows.</li> 
 <li>Ark Invest and 21Shares’ Bitcoin ETF, ARKB, recorded over $11.5 million in inflows.</li> 
 <li>Invesco’s Bitcoin ETF, BTCO, recorded over $6.4 million in inflows.</li> 
 <li>VanEck’s Bitcoin ETF, HODL, recorded $5.75 million in inflows.</li> 
 <li>Valkyrie’s Bitcoin ETF, BRRR, saw $1.92 million in inflows.</li> 
</ul> 
<p>The other crypto products did not see any inflows or outflows the other day.</p> 
<figure id="attachment_51898" aria-describedby="caption-attachment-51898" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/10/ss.png"><img loading="lazy" decoding="async" class="wp-image-51898 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/10/ss.png" alt="SoSoValue data" width="1807" height="553" title="Bitcoin ETFs Recorded Over $1.38B in Inflows This Week 21" srcset="https://crypto.ro/en/wp-content/uploads/2024/10/ss.png 1807w, https://crypto.ro/en/wp-content/uploads/2024/10/ss-300x92.png 300w, https://crypto.ro/en/wp-content/uploads/2024/10/ss-1024x313.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/10/ss-768x235.png 768w, https://crypto.ro/en/wp-content/uploads/2024/10/ss-1536x470.png 1536w, https://crypto.ro/en/wp-content/uploads/2024/10/ss-750x230.png 750w, https://crypto.ro/en/wp-content/uploads/2024/10/ss-1140x349.png 1140w" sizes="(max-width: 1807px) 100vw, 1807px"></a>
 <figcaption id="caption-attachment-51898" class="wp-caption-text">
  SoSoValue data
 </figcaption>
</figure> 
<p>The total net assets in Bitcoin ETFs as of October 16 were $64.46 billion as of October 16, and the cumulative net inflow in the crypto products was $20.19 billion.</p> 
<p>The US-based BTC ETFs began their inflow streak on October 11, when they recorded over $253.5 million in inflows.</p> 
<p>The biggest recent inflow day was at the beginning of this week, on October 14, when the crypto products saw almost $556 million in inflows, the most significant amount since June, according to <a href="https://sosovalue.xyz/assets/etf/us-btc-spot" rel="nofollow noopener" target="_blank">SoSoValue</a> data.</p> 
<figure id="attachment_51889" aria-describedby="caption-attachment-51889" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/10/soso17oct.png"><img loading="lazy" decoding="async" class="wp-image-51889 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/10/soso17oct.png" alt="SoSoValue data" width="593" height="296" title="Bitcoin ETFs Recorded Over $1.38B in Inflows This Week 22" srcset="https://crypto.ro/en/wp-content/uploads/2024/10/soso17oct.png 593w, https://crypto.ro/en/wp-content/uploads/2024/10/soso17oct-300x150.png 300w, https://crypto.ro/en/wp-content/uploads/2024/10/soso17oct-360x180.png 360w" sizes="(max-width: 593px) 100vw, 593px"></a>
 <figcaption id="caption-attachment-51889" class="wp-caption-text">
  SoSoValue data
 </figcaption>
</figure> 
<h2 id="blackrock-s-ibit-leads-in-btc-etf-inflows">BlackRock’s IBIT Leads in BTC ETF Inflows</h2> 
<p>This week alone, BlackRock’s Bitcoin ETF, IBIT, recorded almost $762 million in inflows.</p> 
<p>The total net assets locked in IBIT were over $25.8 billion as of October 16, and the cumulative net inflow in the crypto product was $22.46 billion.</p> 
<figure id="attachment_51890" aria-describedby="caption-attachment-51890" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/10/ibit17oct.png"><img loading="lazy" decoding="async" class="wp-image-51890 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/10/ibit17oct.png" alt="SoSoValue data" width="1785" height="627" title="Bitcoin ETFs Recorded Over $1.38B in Inflows This Week 23" srcset="https://crypto.ro/en/wp-content/uploads/2024/10/ibit17oct.png 1785w, https://crypto.ro/en/wp-content/uploads/2024/10/ibit17oct-300x105.png 300w, https://crypto.ro/en/wp-content/uploads/2024/10/ibit17oct-1024x360.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/10/ibit17oct-768x270.png 768w, https://crypto.ro/en/wp-content/uploads/2024/10/ibit17oct-1536x540.png 1536w, https://crypto.ro/en/wp-content/uploads/2024/10/ibit17oct-750x263.png 750w, https://crypto.ro/en/wp-content/uploads/2024/10/ibit17oct-1140x400.png 1140w" sizes="(max-width: 1785px) 100vw, 1785px"></a>
 <figcaption id="caption-attachment-51890" class="wp-caption-text">
  SoSoValue data
 </figcaption>
</figure> 
<p>BlackRock has been constantly buying BTC, regardless of the coin’s price moves since their crypto product IBIT launched back in January 2024, with only 5 days of outflows so far, on May 1, August 29, September 9, October 2, and October 10.</p> 
<p>Bitcoin’s price kicked off a rally following a dip on October 10 when the digital asset’s price dropped below $59,000.</p> 
<h2 id="btc-price-holds-above-67-000">BTC Price Holds Above $67,000</h2> 
<p>At the moment of writing this article, BTC is trading above $67,000, up by about 0.5% in the past 24 hours.</p> 
<figure id="attachment_51891" aria-describedby="caption-attachment-51891" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-81.jpeg"><img loading="lazy" decoding="async" class="wp-image-51891 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-81.jpeg" alt="BTC price in USD today" width="1200" height="800" title="Bitcoin ETFs Recorded Over $1.38B in Inflows This Week 24" srcset="https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-81.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-81-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-81-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-81-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-81-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-81-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-51891" class="wp-caption-text">
  BTC price in USD today
 </figcaption>
</figure> 
<p>Yesterday, at one point, the coin’s price topped $68,000 for the first time since July 29.</p> 
<p>BTC’s price spike coincided with the rising odds of Donald Trump winning the US elections<span style="margin: 0px;padding: 0px">,&nbsp;<a href="https://crypto.ro/en/news/bitcoin-price-rises-above-68k-as-trumps-election-odds-surpass-60/" target="_blank" rel="noopener">surpassing</a></span><a href="https://crypto.ro/en/news/bitcoin-price-rises-above-68k-as-trumps-election-odds-surpass-60/">&nbsp;60%</a> on Polymarket the other day.</p> 
<p>Bernstein analysts have recently <a href="https://crypto.ro/en/news/bitcoin-bullish-price-action-is-triggered-by-surging-trump-election-odds/">highlighted</a> the correlation between Bitcoin’s October surge and Trump’s rising chances of winning.</p>

Bitcoin ETFs Recorded Over $1.38B in Inflows This Week

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