Bitcoin ETF Attracts 25.4 Billion KRW in One Day, While Ethereum Stagnates

# Bitcoin Spot ETFs Continue to Experience Inflows, While Ethereum Spot ETFs Face Lackluster Demand Bitcoin (BTC) spot exchange-traded funds (ETFs) are still capturing significant investor attention, whereas Ethereum (ETH) spot ETFs are witnessing stagnant demand, highlighting a split in market sentiment within the digital asset space. Data from SosoValue, a digital asset market platform, reveals that Bitcoin spot ETFs saw net inflows of $18.31 million (around 25.4 billion won) as of October 20. However, this amount represents just 2.7% of the $667.44 million (approximately 926.3 billion won) invested the day before, suggesting a sharp slowdown in inflows. Conversely, Ethereum spot ETFs noted neither inflows nor outflows during the same timeframe. # Leading Bitcoin Spot ETFs Exhibiting Significant Inflows Among the Bitcoin spot ETFs, ARK Invest and 21Shares' ARKB led with inflows of $6.36 million (approximately 8.8 billion won), followed by Grayscale's BTC with $6.16 million (approximately 8.5 billion won), and Bitwise's BITB with $5.78 million (approximately 8 billion won). Other prominent Bitcoin ETFs, such as Grayscale's GBTC, Valkyrie's BRRR, and Hashdex's DEFI, reported no significant net inflows or outflows. Additionally, daily net cash-flow data for BlackRock's IBIT, Invesco's BTCO, and Fidelity's FBTC is pending release. # Ethereum Spot ETFs Show No Activity Ethereum spot ETFs had no notable activity in the same period. Funds including Grayscale's ETH, Bitwise's ETHW, Franklin Templeton's EZET, and 21Shares' CETH reported no inflows or outflows. Likewise, cash-flow updates for BlackRock's ETHA, VanEck's ETHV, Invesco's QETH, and Fidelity's FETH are not yet available. # Diverging Price Trends Highlight Market Discrepancies Price trends further reveal the differing dynamics between Bitcoin and Ethereum spot ETFs. On October 20, all Bitcoin spot ETFs posted gains surpassing 1% compared to the previous day. In contrast, Ethereum spot ETFs experienced declines between 0.5% and 0.7% over the same period. These differing trends indicate a stronger investor preference for Bitcoin ETFs over Ethereum ETFs. The growing disparity underscores a notable split in market sentiment regarding the two leading cryptocurrencies.