Key Points:
- Bitcoin Spot ETF inflows reached $371M on October 15, with BlackRock’s IBIT leading the charge with $289M in investments.
- Bitcoin Spot ETF inflows surged to $371M, contrasting with $12.7M outflows from Ethereum Spot ETFs on the same day.
Bitcoin Spot ETF inflows reached $371M on October 15, led by BlackRock’s IBIT with $289M. Ethereum spot ETFs saw a $12.7M outflow the same day.
Bitcoin Spot ETF Inflows Hit $371M with BlackRock Leading
By contrast, US Bitcoin spot ETFs racked up net inflows of $371 million on October 15, led by BlackRock’s IBIT ETF with $289 million, reflecting keener interest by institutions in the major cryptocurrency.
On the same day, Ethereum spot ETFs recorded a net outflow of $12.7 million, showing the divergence in the performance of Bitcoin and Ethereum investment products, according to Sosovalue.
Read more: Bitcoin Spot ETF Outflows Hit $40.56M on October 9
Ethereum ETF Outflows Continue as Bitcoin Inflows Surge
By October 15, the Bitcoin spot ETF market saw fantastic growth primarily filled by inflows in BlackRock’s IBIT ETF. As Bitcoin ETFs slowly gained momentum, they attracted nearly $371 million in new investments.
On the other hand, Ethereum spot ETFs witnessed redemptions totaling about $12.7 million. This could suggest that investors may soon fall in love with Bitcoin again, as the market has won momentum.
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