Key Takeaways
- • U.S. spot bitcoin ETFs took in a net $110.3 million on Monday, October 26, according to Farside Investors data, with the entire amount flowing into BlackRock's iShares Bitcoin Trust (IBIT).
- • Fidelity's FBTC, Grayscale's GBTC, ARK's ARKB and Bitwise's BITB each reported zero flows for the day, though Farside notes late reporting could change these figures.
- • The inflow snapped a two-day redemption run totaling $773.5 million ($635.6 million on October 22 and $137.9 million on October 23), and IBIT alone shed $364.4 million over those sessions, so Monday's purchase recovered less than a third of its outflows.
- • U.S. spot ether ETFs lost about $88.6 million on the same day, led by BlackRock's ETHA, with October ether outflows topping $1.1 billion, the largest monthly withdrawal for those products this year per Crypto Briefing.
- • Bitcoin traded just under $80,000 ahead of this week's Federal Reserve decision; HedgeCo.Net characterizes the flows as a pause in selling rather than a clear return of demand.
Summary
U.S. spot bitcoin exchange-traded funds recorded net inflows of $110.3 million on Monday, October 26, according to Farside Investors data cited by HedgeCo.Net. The entire amount went into BlackRock's iShares Bitcoin Trust, while every other listed spot bitcoin fund, including Fidelity's FBTC, Grayscale's GBTC, ARK's ARKB and Bitwise's BITB, reported zero flows for the day.
The inflow ended a two-day run of redemptions. According to Farside's table, the funds lost $635.6 million on October 22 and $137.9 million on October 23, a combined $773.5 million. IBIT accounted for $364.4 million of those two-session outflows, meaning Monday's purchase recovered less than a third of its own losses. Farside updates its figures as issuers report, and some report late, so the zero readings for other funds may change.
Ether products moved in the opposite direction. U.S. spot ether ETFs lost about $88.6 million on the same day, with BlackRock's ETHA leading redemptions, according to Crypto Briefing. October has been a heavy month for ether funds, with outflows topping $1.1 billion, the largest monthly withdrawal for those products this year, per the same report.
HedgeCo.Net argues that the concentration of inflows in IBIT is consistent with a pattern in which the largest and most liquid wrapper captures marginal institutional demand while smaller funds see little activity. The publication views Monday's print as more of a pause in selling than a clear return of demand. Bitcoin traded just under $80,000 ahead of this week's Federal Reserve decision. The split between bitcoin inflows and ether outflows suggests investors are reducing crypto exposure toward the most established asset rather than adding risk across the sector, and a broader return of buyers beyond IBIT would be a clearer signal, HedgeCo.Net said.
The inflow ended a two-day run of redemptions. According to Farside's table, the funds lost $635.6 million on October 22 and $137.9 million on October 23, a combined $773.5 million. IBIT accounted for $364.4 million of those two-session outflows, meaning Monday's purchase recovered less than a third of its own losses. Farside updates its figures as issuers report, and some report late, so the zero readings for other funds may change.
Ether products moved in the opposite direction. U.S. spot ether ETFs lost about $88.6 million on the same day, with BlackRock's ETHA leading redemptions, according to Crypto Briefing. October has been a heavy month for ether funds, with outflows topping $1.1 billion, the largest monthly withdrawal for those products this year, per the same report.
HedgeCo.Net argues that the concentration of inflows in IBIT is consistent with a pattern in which the largest and most liquid wrapper captures marginal institutional demand while smaller funds see little activity. The publication views Monday's print as more of a pause in selling than a clear return of demand. Bitcoin traded just under $80,000 ahead of this week's Federal Reserve decision. The split between bitcoin inflows and ether outflows suggests investors are reducing crypto exposure toward the most established asset rather than adding risk across the sector, and a broader return of buyers beyond IBIT would be a clearer signal, HedgeCo.Net said.
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