Bitcoin Spot ETF Flows Reach Ninth Straight Day of Positive Performance

Spot Bitcoin ETFs have continued to attract investment, experiencing a ninth consecutive day of positive inflows. According to PANews, on October 9th, investors poured an impressive $198 million into these funds, marking a significant trend. Notably, BlackRock’s IBIT ETF saw substantial inflows, reaching a single-day net inflow of $255 million, bringing its total net inflows to over $65.19 billion. Meanwhile, Bitwise’s BITB ETF recorded a smaller, but still positive, inflow of $6.58 million, with a historical total of $2.52 billion. As of the latest data, Bitcoin spot ETFs hold a market capitalization of $164.79 billion, representing 6.83% of Bitcoin’s overall value, and showcasing a cumulative net inflow totaling $62.77 billion throughout their history.