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US-listed spot Bitcoin exchange-traded funds (ETFs) extended their regular inflow streak to 3 connected Wednesday, pushing October backmost into affirmative territory with 2 trading sessions near successful the month.
Bitcoin (BTC) ETFs attracted $137 cardinal connected Wednesday, bringing their three-day inflows to astir $424 cardinal and October’s nett inflows to $111 million, according to SoSoValue data.
October’s cumulative nett flows remained antagonistic done Tuesday, aft astir $774 cardinal flowed out implicit the last 2 trading days of the erstwhile week.
The Bitcoin ETF rebound coincided with the US Federal Reserve keeping its benchmark involvement complaint unchanged astatine a people scope of 3.75% to 4% connected Wednesday. Fed Chair Kevin Warsh warned that ostentation remained supra the cardinal bank’s 2% target.
“With constricted caller absorption from the Fed, Bitcoin’s near-term show whitethorn beryllium much heavy connected Treasury yields, dollar movements and broader hazard sentiment,” Bitget expert Lewis Huang said.
Bitcoin traded astatine $79,848 astatine the clip of writing, down astir 1% implicit the past 24 hours, according to CoinGecko. Market sentiment remained unchanged, with the Crypto Fear & Greed Index holding astatine 51, oregon “Neutral,” for a 2nd consecutive day.
Meanwhile, Ether (ETH) ETFs continued to spot withdrawals, shedding different $21 cardinal connected Wednesday and bringing October’s nett outflows to $1.35 billion. Ether traded astatine $2,310, down 1.7% implicit the past 24 hours.
Related: Bitcoin terms bounce rejected astatine 50-day inclination enactment up of FOMC, earnings
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