US spot Bitcoin ETFs yesterday experienced a surge in net inflows, with more than $500 million.
This marked their largest daily net inflows in more than four months, according to data from Farside Investors.
The surge in inflows coincided with Bitcoin hitting a two-week high of $66,500 during late trading on Oct. 14.
Among the 11 ETFs, the Fidelity Wise Bitcoin Origin Fund (FBTC) received the largest inflow, $239.3 million, the highest since June 4.
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The Bitwise Bitcoin ETF (BITB) also received a sizable inflow of just over $100 million, while BlackRock's iShares Bitcoin Trust (IBIT) received $79.6 million.
The Ark 21Shares Bitcoin ETF (ARKB) received inflows of about $70 million, while the Grayscale Bitcoin Trust (GBTC) recorded its first October inflow of $37.8 million, the highest since early May.