News

Bitcoin Spot ETF Inflows Reach $294M After 7 Days of Gains

Key Points:

Bitcoin Spot ETF inflows hit $294M on October 21, continuing a 7-day rise, led by BlackRock’s IBIT.
Ethereum Spot ETFs saw a $20.8M outflow, while Bitcoin Spot ETF inflows were dominated by $329M from IBIT.

On October 21, Bitcoin Spot ETF inflows hit $294M, marking 7 straight days of gains, while BlackRock’s IBIT saw $329M and Ethereum Spot ETF saw a $20M outflow.

Bitcoin Spot ETF Inflows Hit $294M, Led by BlackRock’s IBIT

Inflows into the Bitcoin Spot ETF market reached $294M on October 21, extending the growth streak to seven days. In this respect, BlackRock’s IBIT flowed in an impressive $329M, while Ethereum ETFs had a net outflow of $20.8 million, reflecting mixed sentiment between the two leading cryptocurrencies, according to Sosovalue.

Bitcoin ETFs Surge with $294M Inflows as Ethereum Struggles

Bitcoin Spot ETFs continued their success on October 21, with $294M inflows across a seven-day stint. The notable BlackRock’s IBIT drew $329M, leading the market. On the other hand, Ethereum Spot ETFs recorded outflows amounting to $20.8 million as attention shifted toward Bitcoin in the investment game within the crypto space.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

William

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.