Ethereum spot ETFs struggled on October 23, recording a combined $128 million in outflows, with none of the nine funds showing any inflows. In contrast, Bitcoin spot ETFs attracted $20.33 million in net inflows, largely driven by BlackRock’s IBIT, which alone pulled in $108 million. The contrasting flows highlight investor preference tilting toward Bitcoin while Ethereum ETFs continue to face selling pressure in the current market environment.
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