BITCOIN SPOT FUNDS SEE RECORD INFLOWS AS CRYPTO MARKET REGAINS STRENGTH
Bitcoin Exchange-Traded Funds (ETFs) saw significant inflows on October 29, with about $870 million added in one day.
BlackRock's IBIT fund led with $629 million in inflows, followed by Fidelity's FBTC with $133 million, and Bitwise's BITB with $52 million.
Grayscale’s Bitcoin Fund (GBTC) was the only ETF to see a decrease, with $17 million in outflows.
Total trading volume for these ETFs hit around $4.75 billion, the highest since March, with IBIT alone contributing $3.3 billion.
The activity reflects renewed strength and investor interest as Bitcoin nears its all-time highs.
