Bitcoin ETF Inflows Extend Rebound as Ether Funds Lose More

U.S. spot Bitcoin exchange-traded funds recorded net inflows on Monday and Tuesday, extending a two-day rebound, while spot Ether funds continued to lose money. Monday’s Bitcoin gains came entirely from BlackRock’s IBIT, according to reported fund-flow data, leaving the breadth of investor demand uncertain. Bitcoin ETFs drew about $110.34 million on Monday, October 26, and approximately $176 million on Tuesday. The two days brought combined net inflows to about $286 million, according to figures reported Tuesday. The Tuesday total was reported in one account, while Monday’s figure was reported across multiple accounts drawing on the same flow data. The Monday inflow was concentrated in IBIT. No other Bitcoin fund recorded meaningful activity, according to reports on that day’s flows. That leaves the return to positive totals distinct from evidence of buying spread across multiple funds. Whether inflows continue and broaden beyond IBIT is a key indicator of wider demand, the reports noted. Ether funds moved in the opposite direction. U.S. spot Ether ETFs recorded $88.58 million in net outflows on Monday. Across Monday and Tuesday, withdrawals totaled about $149 million, and...