'Uptober' Starts Green as Bitcoin ETFs Draw $134 Million

Spot Bitcoin Exchange-Traded Funds (ETFs) started October with a significant rebound, attracting $134.4 million in investments over the first two trading days. This positive inflow follows a previous outflow on September 30. The resurgence in interest for Bitcoin ETFs is partly linked to a recent weak jobs report, which has led to a cooling of expectations for further Federal Reserve rate hikes. This macroeconomic shift has created a more favorable environment for assets such as Bitcoin, contributing to the substantial inflows into its spot ETFs.