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Writer's picturemeowdini
Oct 152 min read

Bitcoin ETFs See Over $500M Inflows as BTC Surges to $66K – Biggest Day Since June

Bitcoin ETFs in the US saw $555.9M in inflows on Oct. 14, the largest in four months, as Bitcoin hit $66,500. Institutional investors fuel continued growth.

On October 14, Bitcoin exchange-traded funds (ETFs) in the United States witnessed their largest single-day inflow in over four months, with a staggering $555.9 million flowing into 11 Bitcoin ETFs. This massive inflow coincided with Bitcoin reaching a two-week high of $66,500, highlighting renewed investor interest. Notably, institutional investors and financial advisers are driving this surge, further solidifying Bitcoin’s role in mainstream finance.


Bitcoin logo glowing with a background of financial growth charts.
Bitcoin ETFs see $555M inflows in a single day as BTC reaches new highs.

Key Points:


  1. Largest Inflows Since June: U.S. Bitcoin ETFs saw $555.9 million in net inflows, marking the biggest day since early June, coinciding with Bitcoin reaching $66,500.


  2. Fidelity Wise Bitcoin Leads: The Fidelity Wise Bitcoin Origin Fund led the pack with $239.3 million inflows, followed by Bitwise’s $100 million and BlackRock’s iShares Bitcoin Trust at $79.6 million.


  3. Institutional Adoption on the Rise: ETF Store President Nate Geraci emphasized that institutional investors and advisers, rather than retail, are behind this strong inflow, with $20 billion added in the past ten months.


  4. Bitcoin ETFs vs. Gold ETFs: Bitcoin ETFs have seen $19 billion in inflows since January, whereas gold ETFs have only received $1.4 billion despite gold hitting record highs multiple times.


  5. Ethereum ETF Struggles: While Bitcoin ETFs soared, Ethereum ETFs lagged behind. BlackRock’s iShares Ethereum Trust was one of the few ETH funds to see notable inflows, at $14.3 million.



The latest surge in Bitcoin ETF inflows underscores the growing institutional confidence in Bitcoin as a mainstream asset. With Bitcoin hitting a two-week high and surpassing expectations, the spotlight on cryptocurrency ETFs has never been brighter. As institutional adoption continues to rise, Bitcoin’s standing as a premier asset class in the global financial landscape solidifies further, leaving behind its more volatile early years.


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