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US Bitcoin ETFs draw $527M in biggest showing since September
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- DeepHorus
US spot Bitcoin exchange-traded funds attracted $526.7 million in net inflows on Monday, the strongest daily showing since Sept. 22, according to Farside Investors. The intake reversed Friday’s $82.4 million in net outflows and marked the largest one-day total in nearly a month. The rebound followed two consecutive weeks of net weekly withdrawals.
BlackRock’s iShares Bitcoin Trust led the move with $665.2 million in inflows, exceeding the net total across all US spot Bitcoin funds. Fidelity’s Wise Origin Bitcoin Fund recorded $83.6 million in withdrawals, while Grayscale Bitcoin Trust lost $54.9 million. Other funds recorded no net flows, Farside data showed.
The inflows came after spot Bitcoin ETFs shed about $229 million last week and $681 million the week before. On Oct. 7, the funds recorded $483.9 million in outflows, their largest daily withdrawal since June. Despite Monday’s gain, the group remains about $88 million in negative territory for October.
The concentration in BlackRock’s IBIT highlighted how issuer-level flows can offset weaker demand elsewhere. IBIT’s $665.2 million intake alone surpassed the $526.7 million net total, because withdrawals from Fidelity and Grayscale pulled the aggregate lower. The pattern suggested investors were favoring the largest fund while reducing exposure to some rivals.
US spot Ether ETFs moved in the opposite direction, recording $103.3 million in net outflows on Monday. BlackRock’s iShares Ethereum Trust led the withdrawals with $95.4 million. Ether funds lost about $320 million last week, their third consecutive week of net withdrawals.
The mixed flows leave Bitcoin funds still slightly negative for October, while Ether products remain under sustained pressure. Market participants will watch whether Bitcoin ETF demand can build on Monday’s rebound or fade again. Ether ETF flows will also remain in focus after another week of withdrawals.
