Bitcoin ETFs Gain Cash as Ethereum Outflows Extend

Bitcoin spot ETFs attracted $21.13 million on Oct. 9, led by BlackRock’s IBIT with $22.38 million in inflows. Ethereum ETFs recorded $56.10 million in outflows, extending their losing streak to nine consecutive trading days. Santiment reported ETH exchange balances rose by over 100,000 ETH as Bitcoin reserves fell by 15,000 BTC between Oct. 4 and Oct. 8. Bitcoin spot ETFs attracted $21.13 million on Oct. 9, while Ethereum funds recorded their ninth consecutive day of outflows. Santiment Intelligence also reported rising ETH exchange balances and falling BTC reserves between Oct. 4 and Oct. 8.

Source: Crypto Front News