Bitcoin Spot ETFs Attract $402 Million as Ethereum Faces Outflows

Bitcoin spot ETFs saw net inflows of $402 million on October 25, led by BlackRock’s $292 million contribution.

Ethereum spot ETFs faced a net outflow of $19.156 million, highlighting shifting investor sentiment.

Bitcoin spot ETFs have reclaimed the spotlight following a big inflow of funds on October 25. Bitcoin spot ETFs witnessed net inflows of $402 million on that one day alone, and BlackRock’s iShares Bitcoin Trust (IBIT) led the way with $292 million added to the total, according to SosoValue.

This significant inflow demonstrates how institutional interest in Bitcoin is continuing to increase as a result of rising asset class confidence. Investors are clearly responding to the chances these financial products offer, which let one immediately expose themselves to Bitcoin free from the complications of owning the coin