Ethereum ETFs Outpace Bitcoin with $246M Inflows on October 28

TLDR

• Ethereum ETFs recorded a total net inflow of $246.02 million on October 28.
• Bitcoin ETFs saw lower inflows for the day, totaling $202.48 million.
• Fidelity’s Ethereum ETF led the Ethereum inflows with $99.27 million.
• Ark & 21Shares ARKB topped Bitcoin ETFs with $75.84 million in inflows.
• BlackRock’s ETHA and Grayscale’s ETH added $76.37 million and $73.03 million, respectively.

On October 28, Ethereum ETFs recorded higher inflows than Bitcoin ETFs. Bitcoin ETFs posted $202.48 million, while Ethereum ETFs reached $246.02 million. Both asset classes saw strong activity, with no reported outflows in most funds.

Bitcoin ETFs Register $202.48 Million in Inflows

Bitcoin ETFs posted $202.48 million in inflows, supported by only three funds. Ark & 21Shares ARKB led with $75.84 million in net inflows. Fidelity’s FBTC followed closely, recording $67.05 million during the trading session.

BlackRock’s IBIT trailed with $59.60 million in inflows but avoided any outflows. All three funds added assets without reductions for the day. The total trading value hit $4.18 billion across Bitcoin ETFs.

Combined net assets under management totaled $154.81 billion as of Tuesday. This represented 6.88% of Bitcoin’s total market capitalization. Bitcoin’s overall trading volume rose by nearly 12% to $64.8 billion.

Bitcoin’s price dropped 1.06% over the past 24 hours, reaching $112,701. The total market cap was reported at $2.24 trillion. Despite the price dip, ETF activity indicated investor engagement.

Ethereum ETFs Record $246.02 Million in Inflows

Ethereum ETFs posted higher inflows than Bitcoin ETFs, reaching $246.02 million. Fidelity’s FETH led the group with $99.27 million in new assets. BlackRock’s ETHA reported $76.37 million in inflows for the day.

Grayscale’s ETH fund also added $73.03 million to its holdings. Only Grayscale’s ETHE posted any outflows, totaling $2.66 million. Other Ethereum ETFs showed strong investor confidence.

Ethereum ETFs recorded a trading volume of $1.64 billion on Tuesday. Their total net assets amounted to $27.66 billion. This represented 5.76% of the total Ethereum market capitalization.

Ethereum was priced at $4,010, down 2.15% over the last 24 hours. Its total trading volume stood at $37.8 billion. The market cap was approximately $484.8 billion.

Ethereum ETFs Lead Market with Higher Daily Gains

Ethereum ETFs surpassed Bitcoin ETFs in daily inflows by over $43 million. Investor activity concentrated in a few large funds. Fidelity FETH captured the largest single-day inflow across all crypto ETFs.

Ethereum ETFs dominated daily ETF rankings in terms of net inflow. Strong activity followed recent volatility in the crypto market. Trading remained active despite minor price dips in both assets.

Ethereum ETFs displayed strong trading momentum throughout the session. Most funds showed only inflows, with minimal outflows reported. Market participation remained high in both volume and value.

Data from SoSoValue confirmed Tuesday’s flows and market performance. Both Bitcoin and Ethereum continue recovering after October’s market decline. Prices dipped, but ETF activity remained high on October 28.

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