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Bitcoin Spot ETFs Attract $402 Million as Ethereum Faces Outflows

  • Bitcoin spot ETFs attracted net inflows of $402 million on October 25, with BlackRock's iShares Bitcoin Trust leading with $292 million.
  • Ethereum spot ETFs experienced a net outflow of $19.156 million, indicating a waning investor interest in Ethereum compared to Bitcoin.
  • The inflows into Bitcoin spot ETFs demonstrate increasing institutional interest in Bitcoin as a result of growing confidence in the asset class.
  • The acceptance of Bitcoin in traditional finance and the regulatory approval of Bitcoin spot ETFs are contributing factors to the influx of institutional investors.

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