US Bitcoin ETFs Receive Massive $1.19 Billion Inflows, Signaling Growing Institutional Demand

The US spot Bitcoin ETF market witnessed a record-breaking surge of $1.19 billion in inflows on October 6th. This represents the second-highest daily inflow since the launch of these products and underscores the rising interest from institutional investors. Increased demand for Bitcoin is likely driven by expanding DeFi applications and a growing appetite among institutions for regulated investment vehicles to access this asset class.