Bitcoin ETFs Pull In $118.8M as Ether Funds Lose $201.9M on…
By Karthik Subramanian
AI summary of the source article
U.S. spot crypto exchange-traded funds experienced divergent flows on October 6, generating a combined net outflow of $86.8 million. Bitcoin products reversed prior-day losses by drawing $118.8 million in net inflows, propelled by a $122.0 million influx into BlackRock's iShares Bitcoin Trust (IBIT) and $7.8 million into Morgan Stanley's MSBT, offsetting an $11.0 million outflow from Grayscale's Bitcoin Mini Trust. Conversely, Ether ETFs suffered $201.9 million in redemptions, with the entire loss originating from BlackRock's iShares Ethereum Trust (ETHA), extending the category's losing streak since September 29. Solana funds also shed $3.7 million, entirely via Grayscale's GSOL.
Why it matters
The flows highlight a sharp divergence in institutional positioning, as fresh capital returned to Bitcoin while Ether suffered its largest withdrawal during an ongoing multi-session losing streak.
Key facts
- Bitcoin spot ETFs saw $118.8 million in net inflows on October 6, led by $122.0 million entering BlackRock's IBIT.
- Ether ETFs posted $201.9 million in net outflows, with the entire redemption coming from BlackRock's ETHA.
- Across Bitcoin, Ether, and Solana funds, net redemptions totaled $86.8 million for the session.