Spot Bitcoin ETFs in the US reported a significant net inflow of over $555 million on Monday, marking the highest since June and indicating a renewed interest in Bitcoin investments. Simultaneously, Bitcoin's price surged past $66,000, driven by increased investor demand as per Coinglass data.
October 14 saw the total Bitcoin ETF trading volume rise to $2.78 billion, the highest since late August. Noteworthy players like Fidelity's FBTC and Bitwise's BITB led in terms of net inflow, though Wisdomtree's BTCW saw no change in netflow.
Bloomberg analysis links the Bitcoin price rally with investor optimism over potential regulatory advancements post the US election, with candidates suggesting varying approaches to cryptocurrency regulation.
However, Blackrock CEO Laurence Fink remains skeptical about the election's impact on the crypto sector, emphasizing the growing global interest in digital assets independent of political influences. Meanwhile, CryptoQuant's indicator highlights a renewed strong demand for Bitcoin, reflecting a broader trend of returning investor confidence.
