Bitcoin ETFs Pull In $137 Million as Price Hovers Around $80K

Bitcoin spent October 28 trading in a relatively tight band around the 80,000‑dollar mark, even as fresh money flowed into US spot Bitcoin exchange‑traded funds. Data compiled from ETF issuers show net inflows of about 137.3 million dollars for the day, a sign that institutional and retail investors are still adding exposure via listed products rather than buying coins directly on exchanges. Net inflow refers to new purchases minus redemptions across the funds.

The bulk of that demand once again centered on BlackRock’s iShares Bitcoin Trust (ticker: IBIT), which attracted roughly 136 million dollars, while most rival products saw little to no flow. That concentration underlines how the market has coalesced around a small number of large, liquid ETFs as the preferred access point for traditional investors.

Price‑wise, however, bitcoin remains range‑bound near 80,000 dollars. Traders say macro uncertainty around the Federal Reserve’s policy path is encouraging a wait‑and‑see stance, and positioning in leveraged derivatives has been gradually reduced after recent spikes. Analysts note that ETF demand alone may not be enough to push prices sharply higher if long‑term holders keep taking profits near record levels. The next decisive move is likely to hinge on how the Fed’s rate outlook evolves and whether ETF inflows can maintain their current pace.