On October 11, US-based spot Bitcoin exchange-traded funds experienced a significant increase in net inflows, totaling $253.6 million. This marked a reversal from three consecutive days of outflows. The Fidelity Wise Origin Bitcoin Fund led the way with $117.1 million in net inflows, followed by the ARK 21Shares Bitcoin ETF with $97.6 million. The Bitwise Bitcoin ETF also saw a substantial inflow of $38.8 million. In contrast, BlackRock's iShares Bitcoin Trust recorded no flow on that day. The total net inflows for all US spot Bitcoin ETFs now amount to $18.9 billion. On the other hand, spot Ether ETFs faced challenges, with seven out of nine recording no activity on October 11. The Grayscale Ethereum Trust experienced an outflow of $8.7 million. The disparity in demand between Bitcoin and Ether ETFs may be due to differing investor understanding of the assets' value propositions. Read more AI-generated news on: https://app.chaingpt.org/news

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