Bitcoin ETFs Draw $134.4M in Early October
Decrypt.co reported that spot bitcoin ETFs took in $134.4 million over the first two trading days of October after a Sept. 30 outflow. The move came as a weak jobs report cooled expectations for Federal Reserve rate hikes.
This report is based on information published by decrypt.co. Spot bitcoin exchange-traded funds took in $134.4 million over the first two trading days of October, according to the report.
Decrypt.co said the inflows followed a Sept. 30 outflow. The outlet also said a weak jobs report cooled bets on Federal Reserve rate hikes.
Key Takeaways
- Spot bitcoin ETFs took in $134.4 million over the first two trading days of October.
- The inflows came after a Sept. 30 outflow.
- A weak jobs report cooled expectations for Fed rate hikes.
Context
Spot bitcoin ETFs are funds that track bitcoin’s price and trade on traditional exchanges. Their daily flows are often watched as a gauge of investor demand for bitcoin exposure through regulated market products.
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