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AI summary of a third-party reportNeutralNewsDesk

Bitcoin ETF inflows hit $1.08bn in three days but lag rally pace, CoinDesk says

US-listed spot Bitcoin ETFs took in more than $1bn in the week of 19 October, but CoinDesk's analysis says daily inflows remain well below the pace that accompanied past steep rallies.

Why it matters: ETF flows have accompanied Bitcoin's steepest gains since the funds launched, so the pace of institutional demand is a gauge for how strong any rally might be.

InvestIn.News NewsDesk · 1 min read
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Picture from CoinDesk for: Bitcoin ETF inflows hit $1.08bn in three days but lag rally pace, CoinDesk says
Image: CoinDesk
Original reporting: Omkar Godbole, CoinDesk

Key points

  • US-listed spot Bitcoin ETFs attracted over $1bn in the week of 19 October, according to SoSoValue data.
  • The three steep Bitcoin rallies since January 2024 saw average daily ETF inflows of about $235m across 199 trading days.
  • Since 1 July, inflows have averaged about $86m a day, with no single day of $1bn or more.

US-listed spot Bitcoin ETF inflows reached more than $1bn in the week of 19 October, CoinDesk reports, citing SoSoValue data. The figure points to renewed institutional interest, though CoinDesk's analysis says the daily pace is still short of what has accompanied steep Bitcoin rallies in the past.

CoinDesk compared the three steep uptrends since the funds launched in January 2024, defined as gains of more than 50% without a fall of more than 20% from the high along the way. Across those 199 trading days the funds took in $46.7bn, an average of about $235m a day, with 39 days of $500m or more and six of $1bn or more.

Since 1 July, Bitcoin has risen 39%, from about $60,000 to $83,500, while inflows averaged about $86m a day.

CoinDesk notes that futures trading and direct spot purchases can also lift prices.

Read the full story on CoinDesk

Live updates on NewsFeeds:ETFsBitcoinDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of CoinDesk’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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