Spot Bitcoin ETFs Net $1.18B as BTC Dey Soar Reach $126K
On October 7, US-listed spot Bitcoin ETFs record $1.18B inflows, na mark dem second biggest single-day haul as BTC climb reach all-time high $126,186 before e settle near $123,430. BlackRock iShares Bitcoin Trust lead with $970M, push im assets wey dem manage near $100B after dem gather pass 783,767 BTC. Fidelity Wise Origin fund, Bitwise ETF and Grayscale Mini Trust add $112M, $60M and $30M respectively, while Invesco, WisdomTree and Franklin Templeton see smaller flows. October inflows into spot Bitcoin ETF products don now reach $3.47B across four trading days, push year-to-date totals pass $60B inside strong institutional demand. Meanwhile, Senator Cynthia Lummis confirm say US Strategic Bitcoin Reserve fit use seized BTC as funding “anytime,” with future purchases through budget-neutral channels. This combination of big ETF inflows, institutional buying and possible government Bitcoin acquisitions dey strengthen bullish view for Bitcoin.
Bullish
Big big inflow come enter Bitcoin ETF of $1.18B plus record high BTC show say strong buying pressure dey. Institutional demand for regulated ETF products na dey drive dis rally. BlackRock’s iShares dey near $100B AUM show say confidence dey grow. On top dis, possible government acquisitions through Strategic Bitcoin Reserve add new bullish catalyst. All these factors talk sey Bitcoin price get near-term momentum and long-term strength.