According to data provided by SoSoValue, spot Bitcoin (BTC) exchange-traded funds (ETFs) managed to attract a total of $1.19 billion worth of inflows on Oct. 6.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) accounts for virtually all of the aforementioned sum with inflows totalling $969 million.
Fidelity’s FBTC comes in an extremely distant second place with $112 million worth of fresh money.
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The Bitwise Bitcoin ETF (BITB) and Grayscale Bitcoin Trust ETF (GBTC) are also in the green with $60.12 million and $30.55 million.
‘Clear’ rotation
Meanwhile, Ethereum ETFs attracted a relatively modest $176 million, with BlackRock’s iShares Ethereum Trust ETF (ETHA) making up the vast majority of this sum ($92.59 million).
Over the past month, Bitcoin ETFs have greatly outperformed Ethereum counterparts in terms of inflows ($4.61 billion and $1.05 billion, respectively).
According to CryptoQuant analyst Maartunn, this signals a clear rotation back to the flagship cryptocurrency after ETH stole the spotlight in August.
Source: https://u.today/biggest-bitcoin-etf-records-nearly-1-billion-worth-of-inflows-in-just-one-day