Bitcoin ETFs Attract $137M as BlackRock IBIT Leads October 28 Inflows

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Key Takeaways

  • U.S. Bitcoin exchange-traded funds recorded $137 million in net inflows on October 28.
  • BlackRock's IBIT contributed $136 million of the total U.S. Bitcoin ETF inflow on October 28.
  • Spot Ethereum ETFs recorded $21.4 million in outflows on October 28, during the same period.

U.S. Bitcoin exchange-traded funds recorded $137 million in net inflows on October 28, driven predominantly by institutional interest. BlackRock's IBIT alone contributed $136 million of the total inflow. During the same period, Ethereum funds experienced outflows of $21.4 million, highlighting contrasting performance within the cryptocurrency ETF market.

BlackRock IBIT Drives Bitcoin ETF Inflows

BlackRock's IBIT led U.S. Bitcoin ETF inflows on October 28 with $136 million, accounting for nearly all of the $137 million total recorded across the sector. The inflow reflects sustained institutional appetite for Bitcoin exposure through regulated investment vehicles.

Ethereum ETFs Record $21.4 Million in Outflows

Spot Ethereum ETFs saw outflows of $21.4 million on October 28. Fidelity's FETH registered the largest individual inflow among Ethereum products at $18.78 million during the same period. The net outflow figure indicates that other Ethereum ETF products experienced larger redemptions.

FAQ

What were the net inflows for U.S. Bitcoin ETFs on October 28?
U.S. Bitcoin ETFs recorded $137 million in net inflows on October 28, with BlackRock's IBIT contributing $136 million of that total.

How did Ethereum ETFs perform on October 28?
Spot Ethereum ETFs experienced net outflows of $21.4 million on October 28. Fidelity's FETH had an inflow of $18.78 million, but other Ethereum products saw larger redemptions.

Which Bitcoin ETF had the largest inflow on October 28?
BlackRock's IBIT had the largest inflow among U.S. Bitcoin ETFs on October 28, attracting $136 million.

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