US spot Bitcoin exchange-traded funds (ETFs) drew $528 million in net inflows on Wednesday, extending their inflow streak to three sessions, according to SoSoValue data. The funds took in a combined $1.08 billion over the three sessions.
The streak followed inflows of $23 million on Tuesday and $526.6 million on Monday. Wednesday's activity brought October's net inflows to approximately $461 million and year-to-date net inflows to $1.34 billion.
The latest inflows came after two consecutive weeks of withdrawals. Bitcoin ETFs shed $228 million last week and $681 million the week before, according to the data.
BlackRock and Fidelity lead
According to Farside Investors data, BlackRock's iShares Bitcoin Trust (IBIT) led Wednesday's inflows with $235 million, followed by the Fidelity Wise Origin Bitcoin Fund (FBTC) with around $213 million.
Bitcoin briefly tops $84,700
Bitcoin reached an intraday high of $84,777 on Wednesday before pulling back to $82,485 at the time of publication, according to CoinGecko.
Altcoin ETFs see modest inflows
Altcoin ETFs also recorded modest inflows:
- Ether ETFs ended a five-session outflow streak with $15 million in net inflows.
- Solana ETFs snapped a 13-day outflow streak with approximately $585,000 in inflows.
- XRP ETFs added around $709,000.
