Overview
- Farside data shows U.S. spot bitcoin ETFs took in $675.8 million in their largest daily intake since Sept. 10, coinciding with bitcoin topping $119,000 for a 4% gain.
- BlackRock’s iShares Bitcoin Trust drew $405.5 million for its biggest intake since mid‑August and has reached $90.7 billion in assets, placing it in the top 20 ETFs by size, according to Eric Balchunas.
- Industry-wide flows re-accelerated into Q4, with $1.63 billion added last week and $3.96 billion over the past four weeks, CryptoSlate reports.
- At recent run rates, ETFs could remove roughly 112,000 BTC from tradable supply this quarter, or about 2.7 times new miner issuance, tightening spot availability.
- Flow tallies differ by source and timing windows, with CoinCentral citing $430 million on Sept. 30 versus Farside’s $675.8 million for a comparable period, while analysts also point to September Fed easing and the U.S. government shutdown as catalysts.