BTC trading at $62,728 on the daily chart | Source: BTCUSDT chart on Tradingview.com<\/figcaption><\/figure>\nFeatured image from Crypto Valley Journal, chart from Tradingview<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"According to data from SoSoValue, the US-based spot Bitcoin ETFs have recorded over $300 million in net inflows over the past week, representing a return to the market\u2019s positive trajectory after a bearish first week in Q4 2024.\u00a0 Meanwhile, the Spot Ethereum ETFs still retain a negative performance despite a reduction in net outflows. Related Reading: US Spot Bitcoin ETFs Become Second-Largest Holder Of BTC Behind Satoshi Spot Bitcoin ETFs Halt Three-Day Decline With $254 Million Inflow Following the $300 million net outflow recorded in the first week of October, the spot BTC ETF market opened last week on a positive note recording net inflows of $236.19 million on Monday, October 7. However, these investment funds soon experienced a three-day downturn resulting in cumulative outflows of $179.98 between October 8-10.\u00a0 On Friday, October 12, these Bitcoin ETFs registered aggregate inflows of $253.54 million, representing the highest daily capital investment over the past two weeks. The majority of these gains came from Fidelity\u2019s FBTC which attracted inflows of $117.10 million. Ark & 21 Shares ARKB also saw inflows of $97.58 million, while Bitwise\u2019s BITB garnered $38.81 million from investors. Meanwhile, VanEck\u2019s HODL and Invesco\u2019s BTCO also recorded significant inflows of $14.26 million and $7.88 million. All other Bitcoin spot ETFs including BlackRock\u2019s IBIT experienced zero inflows, except Grayscale\u2019s GBTC which produced a net outflow of $22.09 million. Following the recent weekly gains, the total net assets of the spot Bitcoin market increased to $58.66 billion, representing 4.71% of the BTC market cap. BlackRock\u2019s IBIT accounts for about 40% of these assets holding 369,640.1 BTC, valued at $23.30 billion.\u00a0Grayscale\u2019s GBTC initially ranked as the largest Bitcoin spot ETF holding 600,000 BTC tokens. However, massive levels of outflows valued at $20.19 billion allow the fund to sit second with 220,177.5 BTC valued at $13.85 billion. Related Reading: Bitcoin ETF Options Set To Supercharge Price Volatility, Expert Warns Spot Ethereum ETFs Maintain Negative Return Streak In other news, the spot Ethereum ETFs produced another dismal performance in the past week, recording net outflows of $5.22 million. While this value represents a $25.47 million reduction from the figures reported in October\u2019s first week, it marks the 10th week of negative returns in the 12 trading weeks for the Spot Ether ETFs. Interestingly, these funds only recorded a single day of daily inflow ($3.06 million) in the past week. The total net outflows of spot Ethereum ETFs are currently valued at $558.88 million. Meanwhile, the total value traded in this market stands at $143.54 million. At the time of writing Ethereum trades at $2,459 with a 0.78% gain in the last day, while Bitcoin remains valued at $62,725 following a 0.22% price rise in the same period. Featured image from Crypto Valley Journal, chart from Tradingview<\/p>\n","protected":false},"author":581,"featured_media":647688,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[7720,7523,93201,89583,91198],"class_list":["post-647686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-blackrock","tag-grayscale","tag-positive-weekly-returns","tag-spot-bitcoin-etfs","tag-spot-ethereum-etfs"],"acf":[],"yoast_head":"\n
Spot Bitcoin ETFs Back To Positive Returns With $308 Million Inflows - Details<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n