Bitcoin ETFs Draw $1.07B Inflows as Ether ETFs Face Major Outflows
Key Facts
Bitcoin spot ETFs attracted $1.07 billion in net inflows over a three-day period. Benzinga reported that these inflows were led by BlackRock and Fidelity, highlighting strong institutional demand for the primary cryptocurrency. Conversely, Ethereum-based ETFs experienced outflows totaling approximately $1 billion as investor sentiment diverged sharply between the two major digital assets.
BlackRock (BLK) shares closed at $1,149.6 on October 21, 2026, as the firm continues to capture a significant portion of institutional crypto interest. This divergence in fund flows suggests a rotation within the crypto market, with institutional players prioritizing Bitcoin exposure while reducing positions in Ethereum-linked investment products.
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Update: US spot Bitcoin ETFs recorded an additional $528 million in inflows on Wednesday, October 21, 2026. Simultaneously, Ethereum funds ended a five-day streak of net outflows, signaling a potential stabilization in investor sentiment for Ether-linked products.