Bitcoin and Ethereum ETF Inflows Soar Amidst Market Surge

The recent surge in Bitcoin and Ethereum prices, fueled by the US government shutdown and a historically favorable October month, has sparked notable inflows into their corresponding Exchange Traded Funds (ETFs). According to Farside Investors data, US spot Bitcoin ETFs witnessed record inflows of $1.19 billion on October 6th, marking the second-largest daily total since November 7th last year. This surge also bolstered inflows for Ethereum ETFs, with net inflows continuing for the sixth consecutive day.