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U.S. spot Bitcoin ETFs recorded $137 million in net inflows on October 28, led by BlackRock’s IBIT with $136 million. Spot Ethereum ETFs, by contrast, posted $21.41 million in net outflows, despite Fidelity’s FETH attracting $18.78 million.
Why it matters
The daily split shows institutional flows moving in different directions across the two largest crypto assets. Bitcoin funds finished firmly positive, while Ether funds saw net withdrawals even as one fund drew substantial inflows.
Market impact
IBIT’s $136 million represented nearly all of the Bitcoin ETF category’s net inflow for the day. FETH’s $18.78 million inflow did not offset the broader Ethereum ETF outflows. The figures offer a daily snapshot of fund demand, not a measure of longer-term investor positioning.
Frequently asked questions
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How much did BlackRock’s IBIT bring in on October 28?
IBIT recorded $136 million in net inflows, leading U.S. spot Bitcoin ETFs.
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Why did Bitcoin ETFs finish positive while Ether ETFs had outflows?
Bitcoin ETFs recorded $137 million in net inflows, while Ethereum ETFs saw $21.41 million in net outflows. The reported figures show different category-level flows for the day.
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Did Fidelity’s FETH see inflows despite the Ether ETF outflows?
Yes. FETH attracted $18.78 million, the largest individual inflow among the reported Ether funds, but the category still had net outflows.
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Did IBIT account for most of the Bitcoin ETF inflows?
Yes. IBIT’s $136 million in inflows made up nearly all of the $137 million net inflow recorded across U.S. spot Bitcoin ETFs.
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What do these ETF figures indicate about investor demand?
They show positive net flows into Bitcoin ETFs and net withdrawals from Ether ETFs on October 28. They are a daily snapshot, not a measure of longer-term investor positioning.
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