US spot bitcoin ETFs took in a net $175.7 million on Tuesday, 13 Oct, according to Farside data, their largest daily inflow since 2 Oct. Fidelity’s FBTC drew $103.1 million, BlackRock’s IBIT $65.9 million and MSBT $6.7 million. Every other fund was flat. CryptoWatchDesk’s last ETF Desk, on Friday’s flows, recorded a $21.1 million inflow: Friday’s ETF Desk.
Ether funds took in $24.8 million, $16.7 million of it into the Grayscale Ethereum Mini Trust and $8.1 million into Fidelity’s FETH. It was their first inflow since 28 Sep. BlackRock’s ETHA, which lost $75.1 million on Monday, was flat.
| Fund | Net flow, 13 Oct ($M) | Week to date ($M) |
|---|---|---|
| FBTC (Fidelity) | +103.1 | +103.1 |
| IBIT (BlackRock) | +65.9 | +0.5 |
| MSBT | +6.7 | +6.7 |
| Other bitcoin funds (net) | 0.0 | 0.0 |
| Bitcoin ETFs total | +175.7 | +110.3 |
| ETH (Grayscale Ethereum Mini Trust) | +16.7 | +6.4 |
| FETH (Fidelity) | +8.1 | +8.1 |
| ETHA (BlackRock) | 0.0 | −75.1 |
| Other ether funds (net) | 0.0 | 0.0 |
| Ether ETFs total | +24.8 | −60.6 |
Source: Farside Investors, US-listed spot funds; week to date covers 12–13 Oct and is the sum of daily Farside rows. “Other” groups the remaining listed funds in each category.
The bid came from Fidelity, not BlackRock. IBIT’s inflow only reversed its $65.4 million Monday outflow, leaving it up $0.5 million on the week, while FBTC accounted for most of the net new money. Bitcoin funds are still $276.0 million lower for October after nine trading days, so one strong session has not undone the 7 and 8 Oct redemptions.
Ether’s turn is smaller than it looks. The 10 sessions of outflows from 29 Sep to 12 Oct removed $782.8 million, and Tuesday returned about 3% of that. Flows record what authorised participants created and redeemed; they are not a forecast. Bitcoin closed Tuesday at $83,101 on Kraken (00:00 UTC Wednesday), and today’s US inflation print at 12:30 UTC is the next test for both funds, as this morning’s First Print sets out. For how these funds create and redeem shares, see what a spot bitcoin ETF is.
This article is for information only and is not investment advice.