Bitcoin Spot ETF Inflows Surge to $402M, Led by BlackRock IBIT

Bitcoin spot ETFs saw a staggering net inflow of $402 million on October 25, driven by BlackRock's IBIT ETF contributing $292 million.

Bitcoin spot ETFs saw a staggering net inflow of $402 million on October 25, largely thanks to BlackRock's IBIT ETF which contributed $292 million. This follows a spate of strong days for Bitcoin ETF inflows as investors become increasingly confident in the potential for Bitcoin to behave like a stable asset. With continued meetings between traditional and crypto markets, even institutions like BlackRock are using the vehicle to suck in more investors who are eager to take up a position in Bitcoin.

But while Bitcoin was enjoying heavy inflows, Ethereum spot ETFs faced a net outflow of $19.156 million on the same day. This upstates the divergence in investor sentiment as Bitcoin's larger market appeal is keeping it in the good books of investors amid recent regulatory developments in cryptocurrency.

As investors are piling into Bitcoin spot ETFs, showing a clear preference for the flagship digital asset, Ethereum ETFs are failing to attract interest of this kind in meaningful amounts so far. While both assets are tracking each other closely, their divergent paths in ETF markets could widen further depending on market conditions and regulatory decisions.

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