Bitcoin spot ETFs see $21M inflows while Ethereum ETFs face ninth day of outflows on Oct 9
On October 9, US spot Bitcoin ETFs recorded $21.13 million in net inflows, led by BlackRock's iShares Bitcoin Trust (IBIT) which alone brought in $22.38 million. This inflow followed a large outflow of $244.1 million the previous day. Meanwhile, spot Ethereum ETFs continued their decline with $56.10 million in net outflows, marking the ninth consecutive day of withdrawals, with BlackRock's ETHA contributing significantly to the outflows. Despite recent volatility, since their launch in January 2024, spot Bitcoin ETFs have accumulated around $57.11 billion in net inflows, managing assets worth approximately $105.84 billion. The contrasting flows highlight selective investor interest, with Bitcoin ETFs gaining while Ethereum ETFs are trimmed, reflecting differing market sentiment towards these cryptocurrencies.
On October 9, US spot Bitcoin ETFs recorded $21.13 million in net inflows, led by BlackRock's iShares Bitcoin Trust (IBIT) which alone brought in $22.38 million. This inflow followed a large outflow of $244.1 million the previous day. Meanwhile, spot Ethereum ETFs continued their decline with $56.10 million in net outflows, marking the ninth consecutive day of withdrawals, with BlackRock's ETHA contributing significantly to the outflows. Despite recent volatility, since their launch in January 2024, spot Bitcoin ETFs have accumulated around $57.11 billion in net inflows, managing assets worth approximately $105.84 billion. The contrasting flows highlight selective investor interest, with Bitcoin ETFs gaining while Ethereum ETFs are trimmed, reflecting differing market sentiment towards these cryptocurrencies.
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