U.S. Spot Bitcoin ETFs Draw $1.07 Billion in Three Sessions, Erase October Losses

U.S. spot Bitcoin ETFs pulled in $524.8 million on Wednesday, extending an inflow streak that began Monday to three sessions totaling roughly $1.07 billion and flipping the funds positive for October. After shedding about $615 million through last Friday, the ETFs are now up roughly $460 million for the month. Monday's $526.7 million haul, the best day since Sept. 22, came entirely from BlackRock's IBIT. The rebound follows two weeks in which the funds lost about $910 million. Cumulative net inflows since launch stand at $58.4 billion, with total net assets at $100.8 billion. J.P. Morgan Asset Management this week projected a 10% compound annual return for Bitcoin over the next 10 to 15 years in its first long-term forecast, while cautioning about 55% volatility. Ethereum ETFs took in $14.9 million on Wednesday, snapping a five-day outflow streak that drained about $389 million, but remain down roughly $1.07 billion for October. Inflows have not lifted prices: Bitcoin traded near $81,470 on Thursday, down 2.4% over 24 hours, while Ethereum fell 2.6% to about $2,393 and the total crypto market cap slipped 2.9% to $2.84 trillion.