Data tracked by Farside Investors showed a split day for U.S. crypto exchange-traded funds. Spot Bitcoin ETFs posted net inflows of $118.8 million for the previous trading day, with IBIT alone bringing in $122 million. Ethereum ETFs moved in the opposite direction, recording $201.9 million in net outflows. The Ethereum products have now posted net outflows for six straight days. According to the same data, all of the outflow on the Ethereum side came from BlackRock’s ETHA. The figures, disclosed on Oct. 7, point to continued divergence between investor flows into Bitcoin and Ethereum ETF products in the U.S. market.
Farside Investors data released on Oct. 7 showed that U.S. spot Bitcoin ETFs recorded $118.8 million in net inflows for the previous day. IBIT accounted for $122 million of that total.
Ethereum ETFs posted net outflows of $201.9 million, extending the streak of net outflows to six consecutive days. All of the outflows came from BlackRock’s ETHA, according to the data tracked by Farside Investors.
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