More than Half a Billion Dollars Flowed into Bitcoin ETFs

On October 14, U.S. spot Bitcoin ETFs saw the largest single-day inflow in over four months, with more than half a billion dollars flowing in. Specifically, a total of $555.9 million was recorded, making it the biggest daily net inflow since early June, according to data from Farside Investors.

This significant day coincided with Bitcoin hitting a two-week high of $66,500 during late trading.

A "Monster Day" for Spot Bitcoin ETFs

Nate Geraci, president of the ETF Store, called it a "monster day" for spot Bitcoin ETFs, noting that the funds have now accumulated nearly $20 billion in net inflows over the past 10 months.

"It's simply incredible and has blown away all pre-launch demand estimates," Geraci said in a post on October 15. He added that this surge in demand is not being driven by retail investors but rather by financial advisors and institutional investors gradually adopting these products.

Fidelity Wise Bitcoin Origin Fund Leads

The Fidelity Wise Bitcoin Origin Fund (FBTC) led the pack with an inflow of $239.3 million—the largest since June 4. The Bitwise Bitcoin ETF (BITB) saw an inflow of just over $100 million, while BlackRock's iShares Bitcoin Trust (IBIT) recorded $79.6 million in inflows.

Daily Bitcoin ETF inflows (green) on Oct. 14 were the highest since June. Source: CoinGlass

The Ark 21Shares Bitcoin ETF (ARKB) saw an inflow of nearly $70 million, while the Grayscale Bitcoin Trust (GBTC) experienced its first inflow of October, with $37.8 million—the highest since early May.

Comparison with Gold ETFs

On October 14, Eric Balchunas, a senior ETF analyst at Bloomberg, compared Bitcoin ETFs with gold-based products. According to his analysis, Bitcoin ETFs have reached all-time highs five times since their January launch, while gold has hit record highs 30 times this year.

Despite this, gold ETFs have only recorded a net inflow of $1.4 billion, compared to over $19 billion in net inflows for Bitcoin ETFs, Balchunas noted.

Source: Eric Balchunas

Ethereum ETFs Lack Similar Momentum

In contrast to Bitcoin ETFs, Ethereum funds have not seen the same level of growth. Some funds, like Bitwise, VanEck, Franklin, and Grayscale, recorded no net flows, while Fidelity and Invesco saw only small inflows.

The one bright spot was BlackRock’s iShares Ethereum Trust (ETHA), which saw an inflow of $14.3 million, bringing the total to $17 million.

#ETFEthereum , #BitcoinETF💰💰💰 , #CryptoNewsđŸš€đŸ”„ , #CryptoNewsCommunity , #Cryptocurrencies


Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!

Notice:

,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“