US spot Bitcoin ETFs logged $2.71 billion in weekly inflows, even as Trump’s China tariff comments triggered a brief market outflow.
US spot Bitcoin exchange-traded funds (ETFs) continued their strong “Uptober” performance with $2.71 billion in weekly inflows, marking another strong week for institutional demand.
According to data from SoSoValue, total assets under management for Bitcoin ETFs climbed to $158.96 billion as of Friday, representing nearly 7% of Bitcoin’s total market capitalization.
“Capital keeps flowing into BTC as allocators double down on the digital gold conviction trade. Liquidity is building now as the market momentum takes shape,” Vincent Liu, chief investment officer at quantitative trading firm Kronos Research, told Cointelegraph.
