Bitcoin ETFs add $137M, pushing October back into the green

US-listed spot Bitcoin exchange-traded funds (ETFs) extended their daily inflow streak to three on Wednesday, pushing October back into positive territory with two trading sessions left in the month.

Bitcoin (BTC) ETFs attracted $137 million on Wednesday, bringing their three-day inflows to roughly $424 million and October’s net inflows to $111 million, according to SoSoValue data.

October’s cumulative net flows remained negative through Tuesday, after nearly $774 million flowed out over the final two trading days of the previous week.

The Bitcoin ETF rebound coincided with the US Federal Reserve keeping its benchmark interest rate unchanged at a target range of 3.75% to 4% on Wednesday. Fed Chair Kevin Warsh warned that inflation remained above the central bank’s 2% target.