On the evening of October 16, there was a noticeable demand for March bitcoin call options with a strike price of $120,000. These purchases were accompanied by a rise in quotes above $68,000, noted QCP Capital.
Analysts saw this as a signal of the return of optimistic long-term buyers.
Experts noted the continued uncertainty surrounding the U.S. presidential elections in November. This is evidenced by a 10% premium in contracts expiring on these dates.
On October 16, inflows into spot bitcoin ETFs amounted to $458.5 million, according to SoSoValue. Over the past four days, the inflow reached $1.64 billion.
Positive changes were recorded in 8 out of 12 products, while the rest showed no movement.
The leader was IBIT from BlackRock ($393.4 million).
For other instruments, the inflow was as follows:
- FBTC from Fidelity — $14.8 million;
- BITB from Bitwise — $12.9 million;
- EZBC from Franklin Templeton — $11.8 million;
- ARKB from Ark and 21Shares — $11.5 million;
- BTCO from Invesco — $6.4 million;
- HODL from VanEck — $5.8 million;
- BRRR from Valkyrie — $1.9 million.
Cumulative inflows since the approval of BTC-ETFs in January have risen to $20.2 billion.
Earlier, inflows into cryptocurrency investment funds from October 6 to 12 amounted to $407 million. According to CoinShares, a key factor was the increased chances of Republican candidate Donald Trump in the presidential race.