US Spot Bitcoin ETFs Draw $176 Million in Second Straight Day of Inflows

Forecast Trend Report by Period

US spot Bitcoin exchange-traded funds posted net inflows for a second straight trading day. US spot Ether ETFs, by contrast, recorded net outflows for a second consecutive session.

According to on-chain analytics firm SoSoValue, US Bitcoin ETFs saw net inflows of $176 million on October 27. It was the second straight trading day of inflows.

BlackRock's IBIT led the inflows with $150 million. Fidelity's FBTC posted net inflows of $24.5 million. The remaining ETFs recorded no net flows.

US Ether ETFs posted net outflows of $60 million on October 27, extending their streak of withdrawals to two straight trading days.

BlackRock's ETHA posted the largest outflow, with about $93.3 million leaving the fund. Fidelity's FETH and Grayscale Mini Ethereum ETF recorded net inflows of $28.6 million and $4.5 million, respectively. The remaining ETFs recorded no net flows.