Key Points
- Bitcoin ETFs recorded $555.8 million in inflows yesterday, with Fidelity’s FBTC as leader.
- BTC price is trading above $65,000.
The US-based Bitcoin ETFs recorded their biggest inflow day on October 14 in over four months.
Yesterday, the crypto products saw $555.8 million in influxes, the most significant amount since June 4th when the BTC ETFs recorded $886.7 million in inflows, according to data from SoSoValue.
In-Depth Details About October 14 BTC ETFs Inflows
Here are all the inflows in US BTC ETFs yesterday:
- Fidelity’s Bitcoin ETF, FBTC, recorded the most significant inflow at over $239 million.
- Bitwise’s Bitcoin ETF, BITB, saw over $100 million in inflows.
- BlackRock’s Bitcoin ETF, IBIT, saw $79.51 million in inflows.
- Ark Invest and 21Shares’ Bitcoin ETF, ARKB, recorded almost $69.8 million in inflows.
- Grayscale’s Bitcoin ETF, GBTC, recorded $37.7 million in inflows.
- VanEck’s Bitcoin ETF, HODL, saw over $11 million in influxes.
- Franklin Templeton’s Bitcoin ETF, EZBC, saw $5.73 million in inflows.
- Invesco’s Bitcoin ETF, BTCO, recorded over $4.9 million in influxes.
- Grayscale’s Bitcoin ETF, BTC, saw almost $4.7 million in inflows.
- Valkyrie’s Bitcoin ETF, BRRR, recorded $2.8 million in inflows.
The other Bitcoin ETFs in the US did not see any inflows or outflows yesterday.
According to the same data from SoSoValue, the total net assets locked in Bitcoin ETFs were almost $61.9 billion as of October 14, and the cumulative total net inflow in the crypto products since their launch in January was $19.3 billion.
It’s also worth noting that yesterday, BTC’s price topped $66,000 – the first time since last month – ahead of a slight correction.
BTC Price Trades Above $65,000
At the moment of writing this article, BTC is trading above $65,000, up by over 2.5% in the past 24 hours.
BTC kicked off the second week of October with a significant rally, surging from around the $62,000 level to over $66,000 yesterday.
The coin’s price surge comes following the past weekend which saw a notable political event – the prevention of a potential third assassination against the former US President, Donald Trump.
This week brings important macroeconomic data in the US including retail sales for September and initial jobless claims for the week set to be released on October 17 – the data could impact the trajectory of Bitcoin’s price, so it’s worth watching.
