On October 28, both crypto ETFs, Bitcoin and Ethereum, recorded gains. Bitcoin ETFs saw a combined inflow of $202.48 million, with Arl & 21Shares ARKB leading the session. Meanwhile, Ethereum $246.02 million, surpassing Bitcoin.
According to data from SoSoValue, Bitcoin ETFs recorded $202.48 million in inflows, with only three ETFs posting gains. Ark & 21Shares ARKB and Fidelity FBTC reported $75.84 million and $67.05 million, respectively.
BlackRock IBIT posted the smallest gains for the day with $59.60 million in inflows. Neither of the funds posted any outflows on Tuesday. The total trading value reached $4.18 billion with net assets of $154.81 billion. This represents 6.88% of the Bitcoin market cap.
Ethereum saw a total net inflow of $246.02 million, with Fidelity FETH leading at $99.27 million. Two other funds reported ETF gains, BlackRock ETHA of $76.37 million and Grayscale ETH of $73.03 million.
Grayscale ETHE was the only fund to post ETF withdrawals for the day, with $2.66 million in outflows. The total trading volume reached $1.64 billion with net assets at $27.66 billion. This marks 5.76% of the Ethereum market cap.
Bitcoin is trading at $112,701, down 1.06% from yesterday, but its daily trading volume has jumped nearly 12% to $64.8 billion. The market cap stands at $2.24 trillion as of Wednesday.
Ethereum is priced at $4,010, slipping 2.15% in the past 24 hours. Its trading volume is $37.8 billion, with a market cap of about $484.8 billion.
Despite the slight dip, both Bitcoin and Ethereum continue to recover from October’s crypto crash.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The quantum computing threat to Bitcoin has been a hot topic recently. A fresh report…
Tether, the company behind the USDT stablecoin, is no longer just a major player in…
El Salvador’s President Nayib Bukele continues to enjoy massive public support, despite his Bitcoin push…
Story Highlights The live price of the TON token is Toncoin price could hit a…
World Liberty Financial’s native token WLFI, backed by the Donald J. Trump family, has shown…
Over the past few days, World Liberty Financial (WLFI) has returned to the spotlight as…
