Bitcoin exchange-traded funds (ETFs) in the US saw their first inflow of the month on October 4, recovering from an outflow of $400 million over three trading days. This inflow coincides with the release of Bitcoin Core version 28.0, which includes important security enhancements.
Bitwise's Bitcoin ETF (BITB) led the inflows with $15.3 million, followed by Fidelity's FBTC with $13.6 million. Meanwhile, Grayscale's GBTC experienced outflows of $13.9 million. Other prominent ETFs observed no inflows during this period.
Despite a turbulent start in October where Bitcoin's price dropped below $60,000 due to geopolitics, the market outlook remains positive for the fourth quarter, supported by strong macroeconomic factors and increased institutional investments. Analysts are optimistic about upticks in the coming weeks.
Bitcoin Core 28.0 addresses notable security vulnerabilities, including a high-risk flaw that could facilitate denial-of-service (DoS) attacks. The update enhances security and privacy, supporting reproducible builds, fostering more confidence in the Bitcoin community.
