Bitcoin ETFs record $1.1 billion inflow as $87,500 resistance looms

Bitcoin ’s recent rebound has entered a critical phase, coinciding with a surge in demand for US-listed spot Bitcoin exchange-traded funds (ETFs). Over the course of three trading sessions, these funds attracted around $1.1 billion in net inflows, fueling expectations that renewed institutional buying could propel Bitcoin toward the $90,000 mark. Between October 19 and October 21, US spot Bitcoin ETFs tallied nearly $1.075 billion in net subscriptions. The three-day influx reversed much of the outflows seen earlier in the month, which had totaled $680 million.

Source: CoinTurk News