Bitcoin ETF Inflow Surges by $555.90M: Is This Behind BTC Price Rally?
The post Bitcoin ETF Inflow Surges by $555.90M: Is This Behind BTC Price Rally? appeared first on Coinpedia Fintech News
Yesterday was a very special day for the Bitcoin ETF market, as it saw a massive inflow of $555.90 million. Notably, on the same day, the price of Bitcoin jumped from $62,890 to $66,082, marking an impressive surge of nearly 5.07%. Was this a casual coincidence? Not many believe so.
Massive Inflows into US Bitcoin ETFsThe Bitcoin Spot ETF Net Inflow data shows that the market witnessed +555.90M inflow last day.
A post on X by Spot On Chain states that the inflow experienced on October 14 in the Bitcoin ETF market was the largest net inflow since June 5, 2024, and the eighth largest since the launch of BTC ETFs.
[BIG DAY] The 11 