US Bitcoin ETFs attract $137M, Ether funds see $21M outflows

Spot Bitcoin funds kept collecting cash on October 28 while spot Ether products extended a rough stretch of withdrawals US spot Bitcoin ETFs pulled in $137 million in net inflows on October 28. Spot Ethereum ETFs went the other way, shedding $21.41 million on the same day. Bitcoin keeps the lights on The Bitcoin inflows were tracked by data providers including Alpha Finance and Farside Investors, according to the research findings. BlackRock’s iShares Bitcoin Trust, known by its ticker IBIT, was flagged as a leading contributor to the day’s buying. The October 28 inflow did not arrive in isolation. Bitcoin ETFs also recorded significant flows on October 26 and October 27, giving the products a run of steady demand heading into the latest session. Other major issuers in the space include Fidelity, Grayscale, and Bitwise. Cumulative net inflows into US spot Bitcoin ETFs have reached roughly $57–58 billion since the funds launched in January 2024. Total assets under management across the group have surpassed $100 billion. Bitcoin itself was trading in a range of $80,000 to $81,500 in late October, per the research findings. Ether funds can’t catch a break The $21.41 million outflow on...