Its gains come alongside another notable rise in inflows into Bitcoin ETFs. As CoinShares reported, Bitcoin funds recorded $920 million in inflows for the week ending Oct. 25, bringing year-to-date inflows to $25.4 billion.
This followed a large steak of inflows into the 11 US spot-based ETFs for the week ending Oct. 18, accumulating over $2.1 billion in net inflows, according to Farside Investors.