Bitcoin ETFs Return to Inflows in October Despite Hawkish Fed

US listed spot Bitcoin ETFs took in $137 million on Wednesday, stretching their daily inflow run to three sessions. Over that period, funds attracted roughly $424 million, which lifted October’s net inflows to $111 million with two trading days left in the month. Until Tuesday, the monthly total was still negative, after nearly $774 million left these funds in the last two sessions of the previous week.

Bitcoin Price and Market Sentiment Stay Steady

The rebound came on the same day the Federal Reserve held its benchmark rate at 3.75% to 4%, while Chair Kevin Warsh warned that inflation remains above the 2% target. Bitcoin traded near $79,888, down about 1% over 24 hours, and the Crypto Fear & Greed Index stayed at 43, a Neutral reading, for a second day.

Ether ETFs Keep Losing Funds

Ether ETFs went the other way, shedding another $21 million on Wednesday and pushing October’s net outflows to $1.35 billion. Ether changed hands at $2,320, down 1.7% over the past day.