Bitcoin Spot ETF Inflows Reach $470M Led by BlackRock ETF IBIT

Key Points:

• Bitcoin Spot ETF inflow on October 17 totaled $470M, with BlackRock contributing $309M.
• Ark Invest’s ETF ARKB added $100M, supporting continued Bitcoin Spot ETF inflow momentum.

On October 17, Bitcoin spot ETF inflows hit $470M, led by BlackRock’s $309M. Ark Invest and 21Shares’ ARKB saw $100M, while Ethereum spot ETF added $48.4M.

Bitcoin Spot ETF Inflows Reach $470M Led by BlackRock

Bitcoin Spot ETF inflow was a cumulative $470M, with BlackRock’s IBIT capturing $309M. ARKB from Ark Invest saw an additional $100M net inflow, according to Sosovalue.

Ethereum spot ETFs gathered $48.4M the same day, reflecting strong momentum within the greater cryptocurrency ETF market. Institutional interest in both Bitcoin and Ethereum is gaining steam.

Read more: Bitcoin Spot ETF Inflows Continue for 4th Day, Hitting $459 Million

BlackRock ETF Dominates $470M Bitcoin Spot ETF Inflows

BlackRock’s IBIT ETF had the largest inflow at $309M and extended total Bitcoin spot ETF inflows to $470M on October 17. The other two key players in the race include Ark Invest, which added $100M, and 21Shares, with $100M in inflows.

Ethereum ETFs also saw positive net inflows of $48.4M. This may indicate that increasing confidence in crypto assets is drifting down to increased institutional demand for Bitcoin and Ethereum spot ETFs.