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Bitcoin ETFs See $876M in One-Day Inflows Despite Price Drop

Bitcoin exchange-traded funds (ETFs) experienced significant inflows, attracting $876 million in a single day despite a decrease in spot prices. On October 7, Ethereum ETFs also saw robust inflows, drawing in $420 million on the same day. This surge in investment came as Bitcoin's price fell from approximately $124,000 to below $121,000, with a 2.7% drop, while Ether's price declined by 5%. Notably, the inflows contributed to a remarkable total of $2 billion into Bitcoin and Ethereum ETFs over just two days. The large cash influx highlights investor confidence in crypto funds, even in the face of declining prices. The substantial demand reflects a broader trend as investors seize opportunities amidst market fluctuations, marking a peak activity in crypto investment over the week.

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