October’s start gave BTC a bit of tailwind.
On the first trading day of October, U.S. spot Bitcoin ETFs recorded about $103 million in net inflows, with BTC also climbing above $85,000. Meanwhile, Ethereum ETFs saw a third consecutive day of net outflows, with daily outflows of roughly $55 million. Source: Cointelegraph.
This feels more like funds are choosing than all pulling in the same direction. One observation: after BTC funds return, short-term sentiment may lean toward staying elevated. Another observation: if ETH outflows persist, rotation pressure may still remain on the market. Would you rather see BTC hold firmly above, or ETH first stop the outflows?
Caption 1: BTC ETF returned to net inflows on October’s first day · Key information
Image source: https://cointelegraph.com/markets/bitcoin-etf-meet-uptober-103-million-inflow-btc-up?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
On the first trading day of October, U.S. spot Bitcoin ETFs recorded about $103 million in net inflows, with BTC also climbing above $85,000. Meanwhile, Ethereum ETFs saw a third consecutive day of net outflows, with daily outflows of roughly $55 million. Source: Cointelegraph.
This feels more like funds are choosing than all pulling in the same direction. One observation: after BTC funds return, short-term sentiment may lean toward staying elevated. Another observation: if ETH outflows persist, rotation pressure may still remain on the market. Would you rather see BTC hold firmly above, or ETH first stop the outflows?
Caption 1: BTC ETF returned to net inflows on October’s first day · Key information
Image source: https://cointelegraph.com/markets/bitcoin-etf-meet-uptober-103-million-inflow-btc-up?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
