BTC ETFs saw a net inflow of $3.42 billion for the month despite outflows in late October.

According to Farside Investors, October was a mixed month for Bitcoin ETFs. Despite a solid total inflow of approximately $3.42 billion, the final week of the period ended with a significant decline in investor activity and a net weekly outflow of $799 million. This trend indicates a shift in short-term sentiment among market participants, who are taking profits after strong gains in September and early October.

BlackRock's IBIT once again became the main driver of the month's inflow, attracting $3.93 billion and maintaining its status as the leader in new investment volume. Fidelity's FBTC took second place with $163.8 million. Despite localized losses, aggregate market data demonstrates continued institutional interest in Bitcoin instruments.

Statistics for the last week of October show a cooling in demand. Total outflows amounted to $799 million, of which $403.4 million came from IBIT and $155.9 million from FBTC. Analysts attribute this to increased volatility in the Bitcoin price, which hovered near $110,000, prompting investors to reduce risk ahead of the new month. However, the outflows are not panic-related, but rather reflect a normal correction after a period of active inflows.

The situation in related segments was also mixed. According to Farside Investors, Ethereum ETFs closed October 31 with a net daily outflow of $72.4 million, with ETHA (-$38.6 million) and FETH (-$27.1 million) posting the largest declines. These figures reflect a general decline in interest in altcoins amid Bitcoin consolidation. Despite this, new growth opportunities are emerging in the market. Bitwise's Solana ETF (ticker: BSOL) drew particular attention from analysts, raising $197 million in its first four days of trading.

Source: cryptonews.net