US spot Bitcoin funds rebounded on October 26 while Ethereum products extended a rough month of redemptions
US spot Bitcoin ETFs took in $110 million in net inflows on October 26. Spot Ethereum ETFs went the other way, losing $88.58 million on the same day.
The daily numbers
The Bitcoin inflow came in at approximately $110.3 million. BlackRock’s IBIT did most of the heavy lifting, as it often does in this market.
That figure marks a notable rebound. Bitcoin ETFs had been working through a period of redemptions before Monday’s buying returned.
On the Ethereum side, net outflows reached approximately $88.6 million. BlackRock’s ETHA led the exits.
That detail is worth pausing on. The same issuer drove the biggest move in both directions, collecting Bitcoin money with one hand and returning Ether money with the other.
A month that Ether funds would rather forget
October has been brutal for spot Ethereum ETFs. Total outflows for the month have exceeded $1.1 billion, the largest monthly withdrawal these products have seen this year.
Bitcoin’s recent record looks more resilient, though not spotless. Over the week ending around October 23 to 24, Bitcoin ETFs posted net inflows of $301 million.
That came despite roughly $774 million in redemptions late in the week. Put plainly, early-week buyers were strong enough to absorb a sizable wave of selling and still finish in positive territory.
The scale gap between Bitcoin and Ether funds
Since launch, US spot Bitcoin ETFs have gathered more than $57 billion in cumulative net inflows. They hold approximately 1.28 to 1.3 million BTC.
Total assets across the Bitcoin funds sit at approximately $102 to $104 billion.
Spot Ethereum ETFs have drawn about $12.6 to $12.7 billion in cumulative net inflows. Their holdings come to roughly 5.9 to 6.3 million ETH.
Ether fund assets total around $14.5 to $14.6 billion. Respectable on its own, but the Bitcoin products have attracted more than four times as much net new money.
The big names are the same on both sides. BlackRock runs IBIT and ETHA, Fidelity offers FBTC and FETH, and Grayscale operates GBTC alongside its Ethereum products.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
