Overview
- US spot Bitcoin ETFs recorded roughly $110.3 million of net inflows on Monday that flowed entirely into BlackRock’s iShares Bitcoin Trust (IBIT) and about $176 million on Tuesday for a two‑day total near $286 million.
- Those two days of inflows narrowed October’s net outflows to about $26 million and kept year‑to‑date ETF inflows near $850 million.
- Trading volume across the Bitcoin ETF complex has remained high while net creations are small, which indicates investors are largely rotating positions between funds rather than adding large amounts of fresh capital.
- US spot Ether ETFs moved the opposite way, recording roughly $149 million of outflows across Monday and Tuesday and about $1.32 billion of outflows for October, reflecting weaker institutional demand for Ether versus Bitcoin.
- Because ETF share creations and redemptions require buying or selling the underlying tokens, concentrated, fast reversals in a dominant fund like IBIT can materially affect spot Bitcoin liquidity and short‑term price swings.