Bitcoin ETFs Add $402M on Oct. 25 as Ethereum ETFs See a $24.7M Outflow

In comparison to Bitcoin ETFs, which saw a total net inflow of $995 million, Ethereum ETFs experienced outflows of $24.7 million during the same time period, indicating a divergence in investor sentiment towards the two major cryptocurrencies.

According to data from Spotonchain, the 11 US Spot Bitcoin ETFs saw a net inflow of $402 million on October 25. This positive flow into Bitcoin ETFs has now continued for three consecutive trading days.

On the other hand, six Spot Ethereum ETFs had no flow on the same day, while Grayscale Ethereum Trust (ETHE) recorded an outflow of $19.2 million. As a result, the total outflows from Ethereum ETFs for the week amounted to $24.7 million.

Spot ETF: ?$995M to $BTC and ?$24.7M to $ETH

Highlighting the key takeaways from the data:

Both BTC and ETH ETF weekly total flows saw a significant drop compared to previous trading weeks.

However, #BlackRock (IBIT) was still a strong buyer, adding 17,111 $BTC ($1.14B) this…

— Spot On Chain (@spotonchain) October 26, 2024

Bitcoin ETFs Net Inflows Total $402M on Oct 25

BlackRock’s iShares Bitcoin Trust (IBIT) drove the bulk of the inflows into BTC funds on Oct 25, adding 17,111 BTC (around $1.14B), bringing IBIT’s total holdings to 403,726 BTC. Fidelity’s FBTC followed with an inflow of $56.9 million, while ARK 21Shares’ ARKB added $33.4 million, and VanEck’s HODL recorded an inflow of $11.3 million.

Grayscale Mini BTC and Bitwise BITB also recorded smaller inflows, contributing to the total net inflow of $995 million into these funds, which saw positive net flows in four out of five trading days. Notably, the five remaining Spot Bitcoin ETFs recorded zero inflow on the same day.

At the time, the net flow for these Bitcoin ETFs for the week stood at $995 million, a sharp drop from the previous week’s net inflow of $1.85 billion. However, the cumulative inflow after 200 trading days now stands at $21.97 billion.

Bitcoin was trading at $67,035.13, down 1.1% over the past 24 hours, as a new escalation in the Israel-Iran war impacted global markets.

Bitcoin Price Analysis for Oct 26

Spot Ethereum ETFs Record Weekly Outflows of $24.7M

In contrast to the Bitcoin ETFs, only Grayscale Ethereum Trust (ETHE) saw any transactions on Oct 25, and it was an outflow. The ETHE outflow of $19.2 million for the day marked a shift after three days of inflows into these funds.

Notably, the other six Ether funds saw no flow on the day, leading to outflows of $24.7 million for the week from Ethereum ETFs, whose cumulative net flows remained in the red by $497 million since launch.

Ethereum was trading at $2,462, down 3% over the past 24 hours, according to Coingecko data.

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