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The government shutdown in the US and the coincidence of October, historically known as a bullish month, caused Bitcoin to start October with a sharp rise.
At this point, while new records were coming in BTC, this sharp rise also reflected positively on ETFs.
According to Farside Investors data, spot Bitcoin ETFs in the US saw the second-largest daily inflow of $1.19 billion, while spot Ethereum (ETH) ETFs saw net inflows for the sixth consecutive day.
Record Inflow in Bitcoin ETFs!
According to data released by Farside Investors, US spot Bitcoin ETFs recorded net inflows of $1.1901 billion on October 6, the second-largest daily total since November 7 of last year.
Yesterday’s inflows also marked the sixth consecutive day of net inflows for spot ETFs.
BlackRock’s IBIT fund led the inflows with net inflows of $970 million. Fidelity’s FBTC fund had the second-largest inflow with $112.3 million.
Apart from these, Bitwise’s BITB fund saw $60.1 million in inflows, Grayscale’s Mini BTC fund $30.6 million, Invesco’s BTCO fund $7.5 million, WisdomTree’s BTCW fund $6 million, and Franklin Templeton’s EZBC fund $3.6 million. In contrast, the other funds saw 0 inflows.
Ethereum Hits Sixth Day in a Row!
According to data from Farside Investors, US spot Ethereum ETFs recorded a total net inflow of $176.6 million on October 6. This marks the sixth consecutive day of positive flows.
BlackRock’s ETHA fund had the most inflows with $92.6 million, followed by Bitwise’s ETHW fund with $27 million, followed by Fidelity’s FETH fund with $23.5 million, Grayscale’s Mini ETH fund with $18.7 million, and Grayscale’s ETHE fund with $14.8 million.
Finally, total BTC held by Bitcoin spot ETFs in the US represents 6.7% of the total supply. Meanwhile, total Ethereum holdings by treasuries and ETFs have risen to 12.48 million ETH, representing 10.31% of the total supply.
*This is not investment advice.
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