Meanwhile, Bitcoin ETF inflows returned on October 1 with $102.7 million. This followed Wednesday’s $148.7 million in net outflows. Farside Investors data confirms this.
Why Bitcoin ETF inflows returned
The positive start followed a strong quarter. Bitcoin ETFs attracted $6.34 billion in Q3 net inflows. September alone brought $2.65 billion. Consequently, Bitcoin rose 42.71% over the quarter. Meanwhile, combined net assets rose to $109.3 billion. Cumulative net inflows reached $57.6 billion.
Ether funds see third straight day of outflows
US spot Ether ETFs recorded $55.4 million in net outflows on Thursday. Therefore, the funds have shed about $118 million across three sessions. In contrast, Solana ETFs posted around $6 million in net outflows. That extended an outflow streak to two sessions. Meanwhile, XRP ETFs attracted $4 million in net inflows.
Bitcoin price and market sentiment
Bitcoin traded at about $86,288 at publication time. That is up 343% over 24 hours, per CoinmarketCap. Additionally, the Crypto Fear & Greed Index slipped to 71 from 74. It remains in “Greed” territory nevertheless.
What comes next
Bitcoin ETF inflows may continue if demand holds. However, Ether outflows could pressure ETH. Therefore, traders will watch both trends closely.