Key Points:
Spot Bitcoin ETFs had inflows of $192 million on October 23, with BlackRock’s IBIT providing an impressive $317 million. It has been a testament to institutional confidence in the digital asset, with the continued large investments into the ETF.
BlackRock’s ETF dominance is proving instrumental in increasing overall inflows, indicative of a change in investor sentiment for regulated crypto investment vehicles, according to Sosovalue.
Read more: Bitcoin Spot ETF Inflows Reach $294M After 7 Days of Gains
On the same day, Ethereum spot ETFs also reported a more modest inflow of $1.2663 million. While Ethereum’s performance remains positive, it lags compared to Bitcoin and highlights more conservative interest from institutional investors in the ETH-backed product.
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. |
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