News
Bitcoin ETFs See $525M Inflow, Ethereum ETFs Add $14M
US spot Bitcoin ETFs saw a $525 million inflow on October 21, marking the largest single-day haul in nearly a month. Ethereum ETFs added $14 million, reversing a five-session run of outflows. BlackRock’s IBIT and Fidelity’s FBTC were the main drivers of Bitcoin inflows, with combined inflows of about $448 million. Ethereum funds saw inflows from Grayscale’s ETH staking mini-trust and Fidelity’s FETH, totaling $41 million. However, other Ethereum funds saw redemptions that offset part of these gains. The five-day outflow streak preceding this session cost Ethereum ETFs approximately $200 million. Bitcoin traded in a range between $81,500 and $84,800, with minor price declines alongside the inflows. Broader economic events and positioning ahead of Federal Reserve meetings are also affecting price action.