$137 Million: U.S. Bitcoin ETFs Attract Major Institutional

Bitcoin ETFs attracted $137 million in inflows amid Ethereum's $21.4 million outflows. Here's why this trend matters. Bitcoin continues to capture significant institutional interest, as recent data reveals that U.S. Bitcoin ETFs recorded $137 million in net inflows on October 28. This surge was predominantly driven by BlackRock’s IBIT, which alone contributed $136 million. Conversely, Ethereum funds faced a downturn, shedding $21.4 million, underscoring the contrasting performance within the cryptocurrency market. This trend could indicate a shift in investor focus as the market evolves.