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The government shutdown in the US and the coincidence of October, historically known as a bullish month, caused Bitcoin to start October with a sharp rise.
At this point, while new records were coming in $BTC, this sharp rise also reflected positively on ETFs.
According to Farside Investors data, spot Bitcoin ETFs in the US saw the second-largest daily inflow of $1.19 billion, while spot Ethereum ($ETH) ETFs saw net inflows for the sixth consecutive day.
Record Inflow in Bitcoin ETFs!
According to data released by Farside Investors, US spot Bitcoin ETFs recorded net inflows of $1.1901 billion on October 6, the second-largest daily total since November 7 of last year.
Yesterday's inflows also marked the sixth consecutive day of net inflows for spot ETFs.
BlackRock's IBIT fund led the inflows with net inflows of $970 million. Fidelity's FBTC fund had the second-largest inflow with $112.3 million.
Apart from these, Bitwise's BITB fund saw $60.1 million in inflows, Grayscale's Mini $BTC fund $30.6 million, Invesco's BTCO fund $7.5 million, WisdomTree's BTCW fund $6 million, and Franklin Templeton's EZBC fund $3.6 million. In contrast, the other funds saw 0 inflows.
Ethereum Hits Sixth Day in a Row!
According to data from Farside Investors, US spot Ethereum ETFs recorded a total net inflow of $176.6 million on October 6. This marks the sixth consecutive day of positive flows.
BlackRock's ETHA fund had the most inflows with $92.6 million, followed by Bitwise's ETHW fund with $27 million, followed by Fidelity's FETH fund with $23.5 million, Grayscale's Mini $ETH fund with $18.7 million, and Grayscale's ETHE fund with $14.8 million.
Finally, total $BTC held by Bitcoin spot ETFs in the US represents 6.7% of the total supply. Meanwhile, total Ethereum holdings by treasuries and ETFs have risen to 12.48 million $ETH, representing 10.31% of the total supply.
*This is not investment advice.