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Crypto & Bitcoin

Bitcoin ETFs Pull $176M as Ethereum Bleeds $60M: What’s Next?

Reported by Rupam Roy, The Coin Republic

Image: The Coin Republic

Key Insights Bitcoin ETFs recorded $175.99 million in net inflows on Oct. 27, led by BlackRock’s $151.46 million contribution. Ethereum ETFs lost $60.22 million as BlackRock’s ETHA recorded $93.3 million in withdrawals. Bitcoin futures positioning remained mixed, with BTC trading near $81,000 and leveraged activity continuing. Bitcoin ETFs attracted $175.99 million in net inflows on Oct. 27, while Ethereum investment funds recorded fresh withdrawals. The divergence highlighted stronger demand for Bitcoin-backed investment products during the U.S. trading session. SoSoValue data showed that BlackRock’s iShares Bitcoin Trust (IBIT) accounted for most Bitcoin inflows.

This is an excerpt. The reporting belongs to The Coin Republic.

Read the full report on thecoinrepublic.com
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