Bitcoin funds achieve net inflows of $2.1 billion in a week.

Reports today, Monday, indicated that Bitcoin exchange-traded funds (ETFs) in the United States performed exceptionally well during the past week, with net inflows reaching $2.1 billion.

Data shows that these ETFs have experienced a significant turnaround with positive net inflows since the beginning of the second week of October. On Monday, October 14, these funds started recording inflows of $555.86 million, achieving their highest daily inflow since June 4.

According to data released by SoSoValue, Bitcoin ETFs maintained high investment levels throughout the week, peaking at a total inflow of $2.18 billion. This places them fourth for the highest weekly net inflows since the launch of these funds in January.

The IBIT fund from BlackRock led incoming flows with over $1.14 billion in investments, reinforcing its position as the largest spot Bitcoin ETF, with cumulative net inflows totaling $22.84 billion. It was followed by the FBTC fund from Fidelity, which recorded incoming flows of $318.82 million.

Additionally, other trading funds like BITB from Bitwise attracted inflows of approximately $149.81 million. Meanwhile, the GBTC fund from Grayscale managed to end a 21-week streak of outflows, registering significant incoming flows of $91.47 million. Most other spot Bitcoin ETFs, except for Hashdex's DEFI fund, reported incoming flows, although these flows were below $50 million.

Currently, the total cumulative net inflows for spot Bitcoin ETFs amount to about $20.98 billion, with these funds holding total net assets of $66.11 billion, representing 4.89% of Bitcoin's market capitalization.

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