Bitcoin ETFs draw $137M, pushing October flows positive

U.S.-listed spot Bitcoin exchange-traded funds attracted $137 million on Wednesday, bringing their total inflows over the past three trading days to about $424 million, according to SoSoValue data.

October’s net flows remained negative through Tuesday after investors withdrew nearly $774 million during the final two trading sessions of the previous week. Wednesday’s inflows lifted the monthly total to $111 million, with two trading sessions remaining. Earlier in October, a Bitcoin ETF inflow streak brought in more than $1.08 billion over three sessions before renewed withdrawals reversed those gains.

The inflows came after the Federal Reserve kept its benchmark interest rate at a target range of 3.75% to 4% on Wednesday. Fed Chair Kevin Warsh said inflation remained above the central bank’s 2% target.

“With limited new direction from the Fed, Bitcoin’s near-term performance may depend more heavily on Treasury yields, dollar movements and broader risk sentiment,” Bitget analyst Lewis Huang wrote.

Bitcoin traded at $79,848 at the time of reporting, down about 1% over the previous 24 hours, according to CoinGecko. The Crypto Fear & Greed Index held at 51, a neutral reading, for a second consecutive day.

U.S.-listed Ether exchange-traded funds recorded another $21 million in withdrawals Wednesday, bringing their October net outflows to $1.35 billion. Ether traded at $2,310, down 1.7% over the previous 24 hours.