U.S. spot Bitcoin ETFs saw $119M in net inflows on Oct. 6 led by BlackRock's IBIT, while spot Ether ETFs posted $202M in outflows entirely from BlackRock's ETHA.
Macro & Markets ·
On October 6, U.S. spot Bitcoin ETFs received $119 million in net inflows, with BlackRock's IBIT accounting for $122 million of the total. The movement in Ether ETFs diverged sharply, as spot Ether products registered $202 million in net outflows during the same period.
The outflows from Ether ETFs stemmed entirely from BlackRock's ETHA product, according to data tracked by SoSoValue. This divergence between Bitcoin and Ether fund flows reflects differing investor appetite for the two largest digital assets on the same trading day.
The day's activity leaves open questions about the underlying drivers of the Ether outflow concentration in a single issuer's product and whether the Bitcoin inflow pattern persisted in subsequent sessions.