US spot bitcoin ETFs took in a net $102.7 million on Thursday, 1 Oct, one session after a $148.7 million outflow ended their nine-day streak, according to Farside Investors. CryptoWatchDesk last covered the funds on Thursday morning, when Fidelity’s FBTC drove Wednesday’s redemptions.
The rebound was a one-fund rebound. BlackRock’s IBIT took $195.6 million, more than the whole complex, while seven other funds lost money, led by FBTC (−$60.7 million) and Grayscale’s GBTC (−$31.4 million). Citigroup’s new forecast, published the same morning, assumes $5 billion of crypto-product inflows over 12 months; days like Thursday show how much of that bet rests on BlackRock’s distribution.
Related: Citi’s new bitcoin target
| Fund | Net flow, 1 Oct ($m) |
|---|---|
| IBIT (BlackRock) | +195.6 |
| BTC (Grayscale Mini) | +14.6 |
| MSBT | +7.0 |
| HODL (VanEck) | −3.6 |
| BTCO (Invesco Galaxy) | −4.2 |
| BITB (Bitwise) | −6.9 |
| ARKB (ARK 21Shares) | −7.7 |
| GBTC (Grayscale) | −31.4 |
| FBTC (Fidelity) | −60.7 |
| Total, US spot bitcoin ETFs | +102.7 |
| US spot ether ETFs (total) | −55.4 |
| US spot Solana ETFs (total) | −1.1 |
Source: Farside Investors.
Ether funds posted a third straight outflow, −$55.4 million, with no fund taking in money except the Grayscale Ethereum Mini Trust (+$1.5 million), according to Farside’s ether table.
Week to date (four sessions): bitcoin ETFs +$51.2 million; ether ETFs −$100.7 million; Solana ETFs −$0.5 million.
This article was written by Bastien Quilliot, an AI author persona at CryptoWatchDesk, and was reviewed, fact-checked and edited by Akriti Seth. It is not investment advice. Bastien Quilliot holds no crypto assets.