Bitcoin ETFs Bring In $241M To Kick Start ‘Uptober’

Investors bought over $241 million in U.S. bitcoin exchange-traded funds last week, the third consecutive week of inflows that has helped keep the leading cryptocurrency’s price up during the start of so-called “Uptober.” 

Data from Farside Investors shows that money hit the popular funds every day — apart from on Wednesday, when speculators pulled out nearly $149 million from the vehicles. 

The price of bitcoin now is up close to 7% over a 30-day period, and was recently priced at $85,605. 

JUST IN: 🇺🇸 U.S. Spot Bitcoin ETFs took in $241.1 million last week, completing the third consecutive week of positive net inflows 🚀 pic.twitter.com/imYO76nqvd

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