Bitcoin and Ether ETFs draw $128 million in net inflows, Cointelegraph reports
CIE News ·
Based on reporting by Cointelegraph; not yet independently confirmed.
Spot Bitcoin and Ether ETFs recorded $128 million in net inflows amid a post-midterms market rebound, according to Cointelegraph, with BTC funds up $75 million despite BlackRock outflows.
Exchange-traded funds for Bitcoin (BTC) and Ether (ETH) collectively gathered $128 million in net inflows following a post-midterms market rebound, according to Cointelegraph. Bitcoin ETFs specifically gained $75 million on November 4, led by Fidelity's FBTC. That positive performance materialized despite BlackRock's IBIT registering $201 million in withdrawals.
Key facts
- $128M net ETF inflows
- $75M Bitcoin ETF gains
- $201M IBIT outflows
- Led by Fidelity FBTC
Read the original at Cointelegraph