Overview
- U.S. spot Bitcoin ETFs logged net inflows of $110.3 million, $176 million and $137.3 million across the trading sessions that ended Oct. 26–28, totaling $423.6 million and ending a brief run of heavy withdrawals.
- BlackRock’s iShares Bitcoin Trust accounted for the vast bulk of the recent intake, contributing about $397.8 million to the three‑day total and on‑chain trackers reported IBIT wallets took roughly 3,441 BTC from Coinbase Prime in a single 24‑hour span.
- Despite the three‑day rebound, the 30 calendar days through Oct. 26 still show $254.7 million in net outflows for U.S. Bitcoin ETFs, even as combined ETF assets remain around $105 billion and cumulative inflows since launch exceed $57 billion.
- Spot Ethereum ETFs moved the other way with a third straight session of withdrawals on Oct. 28, losing about $21.4 million that day and roughly $170.2 million across the same three sessions, signaling divergent investor demand for BTC and ETH products.
- Market depth is thin near key price levels and ETF mechanics matter: Glassnode estimates ETF holders’ cost basis near $81,500 and the SEC’s July 2025 approval of in‑kind creations and redemptions means a small number of funds and timing of settlements can quickly amplify spot price moves, so watch IBIT flows and order‑book bids around $78k–$80k for renewed volatility.