TLDR Crypto · MARKETS & BUSINESS

BITCOIN ETFS DRAW $528 MILLION AS ETHER FUNDS SNAP 5-DAY OUTFLOW STREAK

links.tldrnewsletter.com3 min read

Summary from the TLDR Crypto newsletter

US spot bitcoin ETFs took in $528.4M on Wednesday, the largest single day in nearly a month. IBIT added $235M and Fidelity's FBTC $212.7M, about 85% of the total. The funds have drawn over $1B in three sessions this week, with cumulative net inflows near $58B and net assets of $109.3B. Ether ETFs returned to inflows of $14.9M after five days of outflows. K33 says bitcoin's 28-day realized volatility fell to 1.2%, near this year's low, as traders wait for the Fed's October 28 decision and the November 3 midterms.