US Spot Bitcoin ETFs Draw $241 Million in Net Inflows Last Week, Extending Streak to Three Weeks

U.S. spot Bitcoin exchange-traded funds recorded $241 million in net inflows last week, extending their run of weekly inflows to three straight weeks.

According to Wu Blockchain on Oct. 5, U.S. spot Bitcoin ETFs logged a combined $241 million in net inflows during the period from Sept. 28 to Oct. 2.

That marked the third consecutive week of net inflows for spot Bitcoin ETFs. Institutional money has continued to flow into the products in recent weeks.

By contrast, U.S. spot Ether ETFs posted combined net outflows of $138 million over the same period, diverging from the trend seen in Bitcoin ETFs.