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Bitcoin ETF Momentum Goes Slack After 6-Day Streak
Inflows to Bitcoin ETFs have cooled off, after the investment products pulled in almost $3 billion over the past six trading days.
Stacy Elliott
By Stacy Elliott
Nov 1, 2024
3 min read
Image created by Decrypt using AI
Image created by Decrypt using AI

U.S. spot Bitcoin ETFs have been on a massive streak, having seen almost $3 billion worth of inflows over the past six trading days. But the tailwind the funds were enjoying seems to have gone slack, as so-called "Uptober" closed with $31.3 million worth of inflows on Thursday, according to CoinGlass.

Yesterday's Bitcoin ETF trading saw BlackRock's iShares Bitcoin Trust (IBIT) pull in $317 million. But that was offset by almost every other fund in the category seeing outflows.

The only exception was Valkyrie Bitcoin Fund (BRRR), which saw investors deposit $1.9 million more than was withdrawn, according to CoinGlass.