On October 17, Bitcoin spot ETF inflows hit $470 million, a significant development in the crypto investment landscape. This surge was predominantly led by BlackRock’s ETF, IBIT, which contributed a substantial $309 million. The figures indicate strong institutional interest in Bitcoin as a legitimate investment asset.
Besides BlackRock, other notable contributions came from Ark Invest and 21Shares’ ARKB, which collectively added $100 million to the inflows. This inflow suggests growing confidence and adoption of cryptocurrency-based ETFs.
Additionally, the Ethereum spot ETF registered noteworthy inflows of $48.4 million, highlighting the continued interest in Ethereum alongside Bitcoin investments. This data reflects a significant trend toward cryptocurrency ETFs and suggests potential future growth in this investment sector.
