US spot Bitcoin ETFs logged $23.16M in net inflows on Oct 20, while spot Ethereum ETFs saw $26.13M in net outflows for the fifth consecutive day.
Macro & Markets ·
US spot Bitcoin ETFs absorbed $23.16 million in net inflows on October 20, according to data from SoSoValue, with BlackRock accounting for $29.87 million of that total. The same day, spot Ethereum ETFs experienced $26.13 million in net outflows, continuing a streak of five consecutive days of withdrawals.
The divergence between Bitcoin and Ethereum inflows reflects differing investor sentiment toward the two asset classes during this period. BlackRock's substantial contribution to Bitcoin inflows underscores institutional demand for spot Bitcoin exposure, while the sustained Ethereum outflows suggest investors may be reducing exposure to the second-largest cryptocurrency.
It remains unclear whether the Ethereum outflow trend has since reversed or persisted beyond October 20, or what specific factors drove the shift in investor positioning between the two assets.