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Bitcoin ETFs Flip October Positive After $1 Billion in Three-Day Inflows

The buying was concentrated in BlackRock’s IBIT and Fidelity’s FBTC, which raises doubts about whether the flow surge can produce a sustained price rally.

Overview

  • U.S. spot Bitcoin ETFs recorded roughly $1.07–$1.08 billion of net inflows over three trading days, a three-session run that erased earlier October withdrawals and turned the month positive.
  • Most of the recent subscriptions went to BlackRock’s IBIT and Fidelity’s FBTC, with those two funds accounting for the bulk of the dollar and coin totals reported by multiple trackers.
  • U.S. spot Ether ETFs continued to lose ground for October, suffering about $1 billion of net outflows for the month despite a small $14.9 million inflow reported on Oct. 21.
  • Analysts and new research from DWF Labs say ETF flows often follow price moves instead of predicting them, and Bitcoin pulled back into the low $80,000s after briefly trading near the mid-$80,000s.
  • Flow totals differ across providers and trackers, ETF assets remain large enough to affect spot liquidity, and regulators abroad broadened access when Switzerland’s FINMA approved a retail spot Bitcoin fund this month.