Summary
- US Bitcoin ETFs recorded net inflows of $176 million the previous day, extending their streak of inflows to two straight trading days.
- BlackRock's IBIT led the inflows with $150 million in net inflows, while Fidelity's FBTC posted $24.5 million.
- US Ether ETFs, by contrast, posted net outflows of $60 million the previous day, with about $93.3 million leaving BlackRock's ETHA.
Forecast Trend Report by Period
US spot Bitcoin exchange-traded funds posted net inflows for a second straight trading day. US spot Ether ETFs, by contrast, recorded net outflows for a second consecutive session.
According to on-chain analytics firm SoSoValue, US Bitcoin ETFs saw net inflows of $176 million on October 27. It was the second straight trading day of inflows.
BlackRock's IBIT led the inflows with $150 million. Fidelity's FBTC posted net inflows of $24.5 million. The remaining ETFs recorded no net flows.
US Ether ETFs posted net outflows of $60 million on October 27, extending their streak of withdrawals to two straight trading days.
BlackRock's ETHA posted the largest outflow, with about $93.3 million leaving the fund. Fidelity's FETH and Grayscale Mini Ethereum ETF recorded net inflows of $28.6 million and $4.5 million, respectively. The remaining ETFs recorded no net flows.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul