Bitcoin ETFs Record $135 Million Single-Day Net Inflow; Ethereum ETFs Remain in Net Outflow

Deep Tide TechFlow, Oct. 30 — According to Lookonchain monitoring, in the Oct. 29 update, spot Bitcoin ETFs posted a single-day net inflow of 1,684 BTC, equivalent to approximately $135 million; however, cumulative net outflows over the past 7 days remained at 3,889 BTC, equivalent to approximately $312 million.

Spot Ethereum ETFs recorded a single-day net outflow of 9,081 ETH, equivalent to approximately $21.11 million; cumulative net outflows over the past 7 days were 101,144 ETH, equivalent to approximately $235 million.

Separately, according to Farside Investors data, U.S. spot Bitcoin ETFs recorded combined net inflows of approximately $137 million on Oct. 28, close to the single-day figure above. Spot ETF fund flows are often used by the market to gauge institutional investors' willingness to allocate to the relevant assets.

Source: Deep Tide TechFlow