'Uptober' Starts Green as Bitcoin ETFs Draw $134 Million
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U.S. spot Bitcoin ETFs recorded inflows across the first two trading days of October after ending September with an outflow. The two sessions brought in $134.4 million in total, with $102.7 million on Oct. 1 and $31.7 million on Oct. 2.
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What it means
Spot Bitcoin ETF holders and traders saw fresh money enter the funds on the first two trading days of October, with inflows recorded on both Oct. 1 and Oct. 2. That is the visible change for anyone tracking ETF flow data today, because the month opened with positive net activity after the prior session’s outflow.
Before these two sessions, the funds had a Sept. 30 outflow, and that was followed by inflows on both of the next trading days. What changed in practice is the direction of daily flow data, while the ETF structure itself stayed the same and still moved money in and out through normal trading sessions.
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