Bitcoin spot ETF inflows have continued to rise for the fourth day in a row, with the total hitting $459 million on October 16. This sustained increase underscores growing investor confidence in Bitcoin ETFs.
The significant contribution from BlackRock, with an addition of $393 million, highlights the role of prominent institutional investors in driving this trend. Such inflows from a major player like BlackRock can influence market dynamics and may encourage other investors to follow suit.
Meanwhile, the Ethereum spot ETF also gained traction, recording $24 million in inflows. This suggests that interest in cryptocurrency ETFs is not limited to Bitcoin alone, but extends to other major cryptocurrencies like Ethereum.
