Ethereum ETFs Surpass Bitcoin in Daily Inflows on Oct. 28

iconCoinomedia
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy

Citing Coinomedia, Ethereum spot ETFs attracted $246 million in inflows on October 28, surpassing Bitcoin ETFs, which saw $202.4 million. This marks a rare instance where Ethereum outpaced Bitcoin in daily ETF inflows, signaling growing institutional interest in Ethereum-based financial products. Factors such as Ethereum’s DeFi utility, staking rewards, and proof-of-stake transition may be driving the shift in portfolio allocation.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.