The spot Bitcoin ETF funds in the United States kicked off October with a return to inflows, after attracting about $102.7 million on the first trading day of the month, to record a positive start following the previous session that saw net outflows of funds.
According to SoSoValue data, these flows came after a net outflow of $148.7 million on Wednesday. With this return, the total aggregated net assets of Bitcoin funds rose to $109.3 billion, while cumulative inflows reached $57.6 billion.
This positive start comes after strong performance in the third quarter, as the funds recorded net inflows of $6.34 billion during the quarter, including $2.65 billion in September alone. During the same period, the price of Bitcoin rose by 42.71%.
At the time of publication, Bitcoin was trading near $85,900, up 2.1% over the past 24 hours, while the Crypto Fear & Greed Index fell to 72 from 74 the previous day, remaining in the greed zone.
Meanwhile, spot Ether ETF funds in the United States continued to record outflows, with net outflows totaling $55.4 million on Thursday. As a result, these funds have lost about $118 million over three consecutive trading days.
Solana funds also saw outflows of around $6 million on the same day, extending the streak of withdrawals for the second consecutive session, while XRP funds attracted inflows of about $4 million.
These figures reflect the ongoing divergence among digital assets listed via exchange-traded funds, where institutional investors’ appetite appears to have been more inclined toward Bitcoin at the beginning of the month, compared with selling pressure or relatively weaker demand for Ether and some other products.