Bitcoin ETFs See $2.22B Inflow, Third-Largest on Record

Last week, from October 28 to November 1, Bitcoin spot ETFs recorded a net inflow of $2.22 billion. This marks the third-largest weekly inflow in the US Spot Bitcoin ETFs history. With the largest NAV, BlackRock’s IBIT led the surge with a net inflow of $2.15 billion. This highlights the strategic and strong institutional interest in Bitcoin before the Presidential elections. Meanwhile, Ethereum spot ETFs had a smaller inflow of $13 million, continuing a slow play in a volatile market.