Recent data from Farside indicates that Bitcoin ETFs have experienced a significant net inflow of $62.1 million, the largest since August 8. This surge was primarily driven by BlackRock’s IBIT, which alone pulled in an impressive $92.7 million, pushing its total net inflow to an astounding $20.48 billion. Fidelity also saw a moderate inflow of $3.9 million. However, not all Bitcoin ETFs benefited from this trend. Bitwise’s BITB and Galaxy Invesco’s BTCO were the exceptions, experiencing outflows of $25.7 million and $8.8 million, respectively.
Ethereum ETFs Struggle Amid Outflows
In contrast, Ethereum ETFs are facing challenges, with a net outflow of $13.5 million. Grayscale’s ETHE was hit the hardest, suffering a $20.3 million outflow, which brought its total outflows to $2.4 billion. Overall, Ethereum ETFs have now recorded total outflows amounting to $434 million.
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