Bitcoin ETPs See Biggest Inflow Since July as Price Surges

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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 jumped by 15% since October 10, fueled by optimism around potential Federal Reserve rate cuts and pro-crypto sentiment ahead of the U.S. election. U.S.-listed Bitcoin ETFs have attracted nearly $1.9 billion in investor funds since mid-October, representing about 48 days’ worth of newly mined Bitcoin. Meanwhile, Ether (ETH) ETFs also saw a significant boost, with $48.4 million added on October 17, marking the largest inflow since late September.