Bitcoin Spot ETF Sees Historic $896.3 Million Net Inflow, Second Highest on Record

According to the latest data from COINOTAG, the US Bitcoin spot ETF experienced a remarkable net inflow of $896.3 million on October 31, marking the second-largest inflow in its history. The previous record was set on March 12, with an impressive inflow of $1.05 billion, while June 4 saw an inflow of $887 million. The surge in investment can be primarily attributed to notable inflows into several key funds. Specifically, BlackRock’s IBIT led the charge with a substantial inflow of $875 million. Other significant contributors included Grayscale Mini BTC, which saw an inflow of $8 million, and Fidelity FBTC with $12.6 million. However, the Bitwise BITB ETF reported a slight outflow of $23.9 million, indicating varying trends across investment vehicles within the cryptocurrency landscape.