Bitcoin

Ethereum

Bitcoin and Ethereum exchange-traded funds (ETFs) witnessed significant inflows during the week of October 7-11, 2024, with notable activity from institutional players like BlackRock. A total of $348.7 million flowed into Bitcoin ETFs, while Ethereum ETFs saw a more modest but impactful $1.9 million in net inflows.<a href="https://x.com/spotonchain/status/1844955163309769006" rel="noopener noreferrer nofollow">According to Spot-on-Chain</a>, Bitcoin ETFs experienced a significant uptick during the specified period. The largest inflow came from BlackRock’s iShares Bitcoin Trust (IBIT), which added $140.7 million to its holdings. This contribution translated into 2,229 BTC, boosting overall Bitcoin exposure.The trend throughout the week was largely positive, with the 30-day net inflow analysis revealing several days of green signals for Bitcoin ETFs. On October 11, 2024, the inflows were significant at $254 million, further elevating the Bitcoin ETF market sentiment.<h2 id="header-0">Ethereum ETFs See Steady but Slower Growth</h2>Ethereum ETFs also saw a positive net inflow of $1.9 million over the same period. Although the numbers were lower than Bitcoin, the inflow still signals continued interest from institutional investors. The most significant inflow day for <a href="https://blockchainreporter.net/price-prediction/ethereum-price-prediction/" rel="noopener noreferrer nofollow">Ethereum</a> ETFs was on October 10, when $10 million entered the market.Despite the inflows, Ethereum ETF performance appeared more volatile, with several days of minor outflows recorded during the analysis period. Still, the ETF market for Ethereum showed resilience with an inflow surge later in the week.The strong inflows to Bitcoin ETFs, mainly led by institutional investments like BlackRock’s iShares Bitcoin Trust, signal growing confidence in the asset as a long-term investment. As the market moves towards the final quarter of 2024, the ETF market’s performance could drive further momentum for both Bitcoin and Ethereum.

Bitcoin and Ethereum ETFs: Inflows Surge in Early October

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