Key Points:
- Bitcoin spot ETF inflows totaled $192M, with BlackRock’s IBIT contributing $317M.
- Ethereum spot ETFs saw smaller net inflows of $1.2663M.
On October 23, Bitcoin Spot ETF Inflows totaled $192 million, with BlackRock’s IBIT leading the way with an impressive $317 million. Meanwhile, Ethereum spot ETFs recorded inflows of $1.2663 million.
BlackRock ETF Dominates as Bitcoin Spot ETF Inflows Hit $192M
Spot Bitcoin ETFs had inflows of $192 million on October 23, with BlackRock’s IBIT providing an impressive $317 million. It has been a testament to institutional confidence in the digital asset, with the continued large investments into the ETF.
BlackRock’s ETF dominance is proving instrumental in increasing overall inflows, indicative of a change in investor sentiment for regulated crypto investment vehicles, according to Sosovalue.
Read more: Bitcoin Spot ETF Inflows Reach $294M After 7 Days of Gains
Bitcoin Spot ETF Inflows Surge, Ethereum Steady at $1.2M
On the same day, Ethereum spot ETFs also reported a more modest inflow of $1.2663 million. While Ethereum’s performance remains positive, it lags compared to Bitcoin and highlights more conservative interest from institutional investors in the ETH-backed product.
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Source: https://coincu.com/288799-bitcoin-spot-etf-inflows-reach-192m