Overview
- U.S. spot Bitcoin ETFs recorded roughly $1.07–$1.08 billion of net inflows across three trading days, flipping October’s flows to positive after earlier withdrawals.
- Most of the buying was concentrated in BlackRock’s IBIT and Fidelity’s FBTC, which together accounted for the bulk of October 21 subscriptions.
- Bitcoin fell from near $85,000 to the low $82,000 range after reports about possible U.S.-Israeli plans on Iran and higher oil, a move that triggered roughly $430 million in derivatives liquidations.
- Ethereum spot ETFs remain deeply negative for October despite a small one-day inflow, with net outflows for the month around $1.07 billion.
- Researchers and analysts warn ETF flows have been trend-following rather than predictive, current daily inflow pace is well below levels tied to past steep rallies, and upcoming catalysts such as the Fed meeting and Middle East tensions could quickly change the picture.