Bitcoin ETFs attract $1.08 billion in 3 days but it may not be enough for a steep rally

What happened

• Spot Bitcoin ETFs attracted about $1.07 billion to $1.08 billion over three sessions, according to two reports.
• The inflows were below the roughly $235 million-a-day pace seen during past steep rallies.
• A $635.6 million outflow on Thursday pushed October flows back to a loss of about $176 million, despite weekly inflows of about $301 million.

Why it matters

ETF flows remain an important indicator of crypto-market demand, but the reported withdrawal and October reversal suggest that recent buying has not yet established sustained momentum.

Timeline

1. EarlierOct 19
   Stock Market Today: Stock Futures Rebound After Friday's Tech Selloff
2. EarlierOct 21
   BlackRock Director on Investment Shifts, Wealth Transfer
3. EarlierOct 22
   BlackRock's Saigal on Bond Markets, Strategy
4. First reported by CoinDeskOct 22
   Bitcoin ETFs attract $1.08 billion in 3 days but it may not be enough for a steep rally
5. Decrypt reportsOct 22
   Bitcoin ETFs Erase October Losses With $1 Billion in Three Days
6. The Block reportsOct 23
   Bitcoin ETFs swing back to net outflows as $636 million in withdrawals erase previous day’s inflows

Who is involved

Sources (3)

1. CoinDeskOct 22
   Bitcoin ETFs attract $1.08 billion in 3 days but it may not be enough for a steep rally
2. DecryptOct 22
   Bitcoin ETFs Erase October Losses With $1 Billion in Three Days
3. The BlockOct 23
   Bitcoin ETFs swing back to net outflows as $636 million in withdrawals erase previous day’s inflows

Related

• Yesterday · AI Jitters, Oil & Big Tech
• Oct 23 · BlackRock’s Boivin Sees Rates Getting More in Line With the Environment
• Oct 19 · Stock Market Today: Stock Futures Rebound After Friday's Tech Selloff
• Oct 23 · BlackRock's Angara on ETF Product Pipeline
• Oct 22 · BlackRock's Saigal on Bond Markets, Strategy
• Oct 21 · BlackRock Director on Investment Shifts, Wealth Transfer