U.S. spot Bitcoin ETFs saw $528M in net inflows on October 21, led by BlackRock's IBIT; Ethereum ETFs attracted $15M.
Macro & Markets ·
On October 21, U.S. spot Bitcoin ETFs pulled in $528 million in net inflows, according to SoSoValue data, with BlackRock's IBIT vehicle accounting for $235 million of that total. Ethereum-linked products drew considerably less interest, with spot Ethereum ETFs recording $14.96 million in inflows for the same period, though Grayscale's Ethereum Mini Trust managed to capture the largest single inflow among those vehicles at $28.07 million.
The disparity underscores the relative weight of Bitcoin relative to Ethereum in the institutional product landscape. BlackRock's dominance in the Bitcoin ETF space reflects its position in capital markets broadly, while Grayscale's performance in the Ethereum category shows continued demand for exposure to the second-largest cryptocurrency through traditional fund structures.
The flow dynamics remain subject to broader market conditions and investor sentiment, with these single-day figures illustrating the volatility and shifts in institutional appetite for crypto-linked vehicles.