Data from SoSoValue indicates that on October 7, spot Bitcoin ETFs saw inflows of $235.19 million, a significant increase from the previous day's $25.59 million.Fidelity's FBTC ETF led with $103.68 million, followed by BlackRock's IBIT, which recorded $97.88 million after reporting no flows the day before, marking a significant rebound.Bitwise's BITB ETF maintained its positive streak with $13.09 million in inflows over three days, while Ark and 21Shares' ARKB added $12.63 million.Other Bitcoin ETFs also experienced inflows, with VanEck’s HODL and Invesco’s BTCO reporting $5.37 million and $2.53 million, respectively.Grayscale’s GBTC and other spot BTC ETFs reported zero net flows on that day.Overall trading volume across the 12 Bitcoin ETFs increased to $1.22 billion on October 7, with these funds collectively attracting a net inflow of $18.73 billion since their inception.

Life Imposes Things On You That You Can’t Control, But You Still Have The Choice Of How You’re Going To Live Through This

Celine Dion

Acknowledgment of Life’s Challenges: The quote recognizes that life can be unpredictable and present challenges, obstacles, and hardships that are beyond an individual’s control. It emphasizes that adversity is a natural part of the human experience.

Influence of Political and Economic Factors on Sentiment

Bitcoin's rise to $63,000 on October 7 marked a 2% increase, following a brief dip due to geopolitical tensions, particularly the Iran-Israel conflict. This recovery is linked to U.S. political developments and broader economic trends. Events like a rally in Butler, Pennsylvania, featuring Donald Trump and Elon Musk, boosted investor optimism. Despite these inflows, Bitcoin's price fell 1.8% to $62,332 by October 8, with the crypto market experiencing over $218 million in liquidations. This reflects the ongoing volatility influenced by geopolitical and economic factors.

Ethereum ETFs log zero flow day

Unlike Bitcoin, the spot Ethereum ETFs experienced a quiet day. SoSoValue data indicates that the nine spot Ethereum ETFs in the U.S. had no inflows on October 7, following modest net inflows of $7.39 million the previous day. The trading volume for these ETFs also decreased significantly, dropping to $118.43 million from $148.01 million the day before.The price of Ethereum mirrored the broader market decline, falling 2.9% to $2,417 at the time of reporting, as investors remained cautious despite the surge in Bitcoin-related products.