Bitcoin ETFs Attract $479.35 Million, with BlackRock Leading

On October 28, spot ETFs based on the leading cryptocurrency recorded an inflow of $479.35 million, marking the largest figure in the past two weeks.

The largest portion of the total was attributed to BlackRock’s IBIT, with $315.19 million (11 consecutive “positive” days).

Trading volume for all ETFs reached $3 billion compared to $2.9 billion on Friday, October 25.

Since October 11, Bitcoin-based spot funds have collectively attracted $3.85 billion.

In contrast, the dynamics for Ether-based ETFs were less favorable. On October 28, a near-zero figure was recorded. Similar situations were observed on previous trading days.

Grayscale’s ETHE saw an outflow of $8.44 million, while other funds experienced a modest increase in funds:

• Fidelity’s FETH — $5.02 million;
• BlackRock’s ETHA — $2.28 million.

Trading volume was $187.49 million, comparable to the figure from October 25 — $189.88 million.

On the morning of October 29, the first cryptocurrency’s quotes rose above the $71,000 mark.

Meanwhile, analysts have warned of a potential Bitcoin correction following the US elections.