Bitcoin ETFs Turn Green for the Month After $400M+ in Weekly Inflows
Hedge funds pulled back from the bitcoin ETF trade, while sovereign wealth funds stepped in. Bitcoin ETFs have since turned positive for the month after more than $400 million in inflows this week. Traders may read this as a sign of renewed demand heading into November.
Why it matters
- Bitcoin ETFs took in over $400M this week, pushing their month-to-date performance positive.
- Sovereign wealth funds stepped in as hedge funds left the bitcoin ETF trade.
- The source says this sets the stage for a big November, which could shape trader positioning.
What to watch next
Watch whether ETF inflows keep building through the rest of the month and into November.
