US spot bitcoin ETFs took in a net $23.2 million on Tuesday, 20 Oct, according to Farside data. BlackRock’s IBIT drew $29.9 million and Fidelity’s FBTC $3.6 million, while Bitwise’s BITB lost $10.3 million. CryptoWatchDesk’s last ETF Desk covered Monday’s $526.7 million inflow, the largest daily total since 22 Sep.
Tuesday kept the direction and lost the size. The inflow was about a twentieth of Monday’s, and IBIT again did most of the buying. Over the two sessions IBIT has taken in $695.1 million, while the rest of the bitcoin funds, taken together, are down $145.2 million.
Ether funds lost a net $26.1 million. BlackRock’s ETHA lost $33.0 million, partly offset by $3.6 million into Fidelity’s FETH and $3.3 million into Grayscale’s mini ether fund. Solana funds lost $2.6 million, all from Grayscale’s GSOL.
| Fund | Net flow, 20 Oct ($M) | Week to date ($M) |
|---|---|---|
| IBIT (BlackRock) | +29.9 | +695.1 |
| FBTC (Fidelity) | +3.6 | −80.0 |
| BITB (Bitwise) | −10.3 | −10.3 |
| GBTC (Grayscale) | 0.0 | −54.9 |
| Other bitcoin funds (net) | 0.0 | 0.0 |
| Bitcoin ETFs total | +23.2 | +549.9 |
| ETHA (BlackRock) | −33.0 | −128.4 |
| FETH (Fidelity) | +3.6 | −2.4 |
| ETH (Grayscale Mini) | +3.3 | +3.3 |
| ETHE (Grayscale) | 0.0 | −1.9 |
| Other ether funds (net) | 0.0 | 0.0 |
| Ether ETFs total | −26.1 | −129.4 |
| GSOL (Grayscale) | −2.6 | −2.6 |
| BSOL (Bitwise) | 0.0 | −4.9 |
| FSOL (Fidelity) | 0.0 | −1.8 |
| Solana ETFs total | −2.6 | −9.3 |
Source: Farside Investors, US-listed spot funds; the week to date covers Monday and Tuesday. “Other” groups the remaining listed funds in each category, all at zero on both days.
Bitcoin funds are down $64.8 million in October after 14 sessions. IBIT is up $884.6 million this month, while FBTC is down $551.9 million and ARK’s ARKB $214.9 million.
Ether funds are down $1,084.5 million and have not had an inflow day since 13 Oct; Solana funds are down $59.6 million. Flows record what authorised participants created and redeemed; they are not a forecast.
Bitcoin was near $82,670 on Kraken at 03:54 UTC on Wednesday, and this morning’s First Print has the levels. For how the funds create and redeem shares, see what a spot bitcoin ETF is.
This article is for information only and is not investment advice.