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.

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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.