Bitcoin ETPs See Massive Inflows Amid Price Surge

Bitcoin ETPs- Bitcoin and Ether ETFs See Major Capital Inflows This October

Bitcoin ETPs– Bitcoin’s (BTC) recent price surge has sparked significant interest from investors worldwide, leading to a notable influx into exchange-traded products (ETPs) associated with the leading cryptocurrency. According to bold.report, global ETPs have recorded a cumulative inflow of 25,675 BTC, equivalent to $1.74 billion, within just seven days. This marks the highest seven-day total since July. Currently, Bitcoin ETPs collectively hold 1.1 million BTC, mirroring the amount stored in Satoshi Nakamoto’s wallet. ETPs encompass various funds, including exchange-traded funds (ETFs) and exchange-traded notes (ETNs).

Bitcoin Price Recovery and Factors Driving Growth

Since reaching its lows on October 10, Bitcoin has rebounded by 15%, now sitting just 8% shy of its all-time high set in March, as reported by CoinDesk. Several factors are propelling this rally, including expectations for Federal Reserve rate cuts and the increasing likelihood of a pro-crypto Donald Trump winning the U.S. Presidential election on November 5.

The U.S.-listed spot ETFs have also experienced robust interest, attracting nearly $1.9 billion in investor capital since October 14, according to data from Farside Investors. This influx translates to approximately 21,450 BTC. To provide context, Bitcoin ETF investors have acquired around 48 days’ worth of mined supply, given that roughly 450 BTC are mined daily.

Record Inflows for Spot ETFs and Ether Products

The spot ETFs have now surpassed $20 billion in net inflows since their inception, a remarkable achievement considering it took Gold ETFs about five years to reach the same milestone, as noted by Bloomberg’s ETF Analyst Eric Balchunas.

Additionally, the U.S.-listed spot ether (ETH) ETFs have also seen a resurgence, with an inflow of $48.4 million on October 17—the largest since September 27. These inflows were spread across various issuers, with BlackRock’s ETHA capturing $23.6 million, bringing its lifetime total to $1.3 billion. Meanwhile, Fidelity’s FETH saw a $31.1 million inflow, approaching $500 million in net inflows.

As the cryptocurrency market continues to evolve, the increasing interest in Bitcoin and Ethereum ETFs highlights a growing acceptance and demand for digital assets among traditional investors.

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