Farside Investors: Bitcoin ETF Raises $446 Million in a Week

Over the past week, US spot Bitcoin ETFs saw a combined inflow of $446.3 million, according to Farside Investors. BlackRock's IBIT led the way, receiving $324.3 million in inflows, confirming its dominance among institutional funds. ARK Invest's ARKB fund came in second with $54 million in inflows, while Fidelity's FBTC received $52.3 million.

Bitwise's BITB increased by $39.6 million, VanEck's HODL by $38.6 million, and Invesco's BTCO by $18.8 million. EZBC and BRRR added $6.5 million and $4.6 million, respectively. Grayscale's GBTC was once again the only fund with a negative result, with outflows of $117.1 million.

Among other participants, BTCW remained unchanged, and the overall Bitcoin ETF flows showed a strong recovery after a moderate decline earlier in October. Analysts believe this indicates stabilization of institutional investor interest and a gradual return of liquidity to the market.

At the end of the last trading day, October 24, net inflows into Bitcoin ETFs amounted to $90.6 million. The bulk of these inflows again came from the IBIT and FBTC funds—$32.7 million and $57.9 million, respectively. Other market participants posted neutral results, with no significant changes in their positions.

At the same time, Ethereum ETFs have seen a noticeable decline in investor interest. On October 24, total outflows amounted to $93.6 million, primarily from the ETHA fund, which lost $101 million. Analysts interpret this data as a continuation of the capital shift toward Bitcoin instruments amid the flagship cryptocurrency's growing dominance and expectations of new inflows in November. Institutional investors are increasing their focus on BTC, while demand for ETH funds is temporarily weakening.

Source: cryptonews.net