Spot Bitcoin ETFs are gaining traction, netting another positive week despite altcoin stumbles and mid-week price shocks. Institutional investors’ confidence is back in the market, and bulls look to capitalize on the momentum to break price levels in coming months. Bitcoin Funds Notch Third Consecutive Weekly Inflow Last week, net spot Bitcoin ETF flows stood at $241 million, marking the third straight week in the green zone. This streak follows a sentiment jump in September, as traders began to see more positive moves than in previous months. SoSoValue data shows all-time net inflows at $57.8 billion after massive additions last month. In two weeks, investor funds grew by $2.4 billion, signaling a bullish turn after previous dry spells that sent prices below multiple support lines. On Oct 2, net inflows were $189 million, led by BlackRock’s iShares Bitcoin Trust . For weekly volume, the fund contributed about $158.2 million, the largest share. Funds like Fidelity Wise Origin Bitcoin Fund pulled in $29.3 million, while MSBT attracted $2.4 million. Overall, this portrays the demand for spot Bitcoin ETFs in every upward swing since their launch in the United States. As an institutional window for firms to increase crypto exposure, these funds have become more popular among traditional clients who previously avoided the asset class. Right now, inflows to these funds are a strong gauge of institutional sentiment in a given period. Bitcoin institutional demand, unlike retail, moves prices and jumpstarts a recovery trend, often with the aid of macroeconomic events. “ Today the price pushed once again toward $87000, almost touching an eight-month high, before pulling back to the $86000 area. It’s the second time this week that sellers have strongly defended that resistance zone. The move was mainly driven by softer-than-expected U.S. jobs data, which reduced bets on a Fed rate hike, along with a return of positive flows into spot Bitcoin ETFs,” Bitcoin miner Javi Q wrote on X. On the flip side, altcoins saw low volumes as investors moved toward Bitcoin momentum. Last week, spot Ether ETFs saw net $138 million outflows, taking year-to-date inflows to $1.5 billion. However, Solana and XRP extended their positive runs with $2.4 million and $4.7 million in inflows, respectively.
Tether заморозила 27 млн USDT на 35 адресах
