Key Points:
- Bitcoin Spot ETF Inflows surged to $459 million on October 16, driven by BlackRock’s IBIT, contributing $393 million to the total inflows.
- Ethereum spot ETF also saw activity, with $24 million flowing into Ethereum ETFs on the same day.
On October 16, the Bitcoin spot ETF inflows saw $459M, marking four consecutive days of growth. BlackRock ETF added $393M. The Ethereum spot ETF also saw $24M inflows.
Bitcoin Spot ETF Inflows Surge Amid Growing Demand
Bitcoin Spot ETF inflows continued to see over the last four days, at $459 million on October 16. Of this number, BlackRock’s ETF, IBIT, accounted for $393 million, reflecting investor confidence in Bitcoin’s long-term potential, according to Sosovalue.
Read more: Bitcoin Spot ETF Inflows Hit $371M as BlackRock Leads
Ethereum Spot ETF Records $24 Million Inflows on October 16
Besides that, Ethereum spot ETFs also saw a net inflow of $24.2 million running parallel with the strong inflows into Bitcoin. This is indicative of increased interest in cryptocurrency-backed ETFs and further cements Ethereum’s position as one of the big players in the crypto ETF markets.
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Source: https://coincu.com/287614-bitcoin-spot-etf-inflows-continue-for-4th-day