Bitcoin ETPs See Biggest Inflow Since July as Price Surges

Crypto Live News

Bitcoin exchange-traded products (ETPs) recorded a major inflow of 25,675 BTC ($1.74 billion) in just seven days, the highest since July. This comes as Bitcoin’s price has risen 15% since October 10, fueled by optimism over possible Federal Reserve rate cuts and pro-crypto sentiment ahead of the US elections. US-listed Bitcoin ETFs have attracted nearly $1.9 billion in investor funds since mid-October, representing about 48 days of newly mined Bitcoin. Meanwhile, Ether (ETH) ETFs also saw a significant increase, adding $48.4 million on October 17, marking the largest inflow since late September.