The cryptocurrency market has witnessed a significant shift in sentiment towards the US Bitcoin spot ETF, as evidenced by a surge in inflows to these investment vehicles. According to data from financial information platform Farside Investors, approximately $25.6 million flowed into the US Bitcoin spot ETF on October 4th (local time). This marks a notable change in trend after only three trading days. The inflows were distributed across several Bitcoin spot ETFs. Fidelity FBTC received $13.6 million, Bitwise BITB received $15.3 million, Ark21Shares ARKB received $5.3 million, and VanEck HODL received $5.3 million. On the other hand, Grayscale GBTC experienced an outflow of $13.9 million. The remaining ETFs, including BlackRock IBIT, did not experience any significant inflows or outflows. The surge in inflows into the US Bitcoin spot ETF is a positive sign for the cryptocurrency market. It indicates growing investor confidence in the underlying asset and the regulatory framework surrounding it. This development could further legitimize Bitcoin and attract more institutional investors to the space. As the market continues to evolve, we can expect to see further developments in the ETF landscape, offering investors a wider range of options to access and invest in Bitcoin.

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