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Bitcoin ETFs Score $197.8M Uptober Surge as Ethereum 8-day Inflow Streak Snaps

U.S. spot Bitcoin exchange-traded funds (ETFs) continued their strong October run, recording 197.8millioninnetinflowsonOctober9,accordingtodatafromSoSoValue.ThesurgereflectsrenewedinstitutionalinterestinBitcoinastheassettradesnearrecordhighs.ThelatestinflowspushedcumulativetotalsforU.S.BitcoinspotETFsto197.8 million in net inflows on October 9, according to data from SoSoValue. The surge reflects renewed institutional interest in Bitcoin as the asset trades near record highs. The latest inflows pushed cumulative totals for U.S. Bitcoin spot ETFs to 62.77 billion, with total net assets reaching 164.79billionanddailytradingvolumeclimbingto164.79 billion and daily trading volume climbing to 5.32 billion. Bitcoin ETFs now represent roughly 6.8% of Bitco ...