US spot bitcoin ETFs took in a net $524.8 million on Wednesday, 21 Oct, according to Farside data. BlackRock’s IBIT drew $235.0 million and Fidelity’s FBTC $212.7 million, FBTC’s largest daily inflow since 22 Sep. CryptoWatchDesk’s last ETF Desk covered Tuesday’s $23.2 million.
This time the buying was spread out. Every bitcoin fund that moved took money in, including Grayscale’s GBTC ($32.6 million) and Bitwise’s BITB ($19.2 million). Wednesday came within $1.9 million of Monday’s $526.7 million, and the three sessions so far this week add up to $1,074.7 million.
Ether funds took in a net $14.9 million, their first inflow since 13 Oct. Grayscale’s mini ether fund drew $28.1 million and Fidelity’s FETH $13.0 million, while BlackRock’s ETHA lost $29.3 million. Solana funds took in $0.6 million, all into MSOL.
| Fund | Net flow, 21 Oct ($M) | Week to date ($M) |
|---|---|---|
| IBIT (BlackRock) | +235.0 | +930.1 |
| FBTC (Fidelity) | +212.7 | +132.7 |
| GBTC (Grayscale) | +32.6 | −22.3 |
| BITB (Bitwise) | +19.2 | +8.9 |
| ARKB (ARK 21Shares) | +9.8 | +9.8 |
| BTC (Grayscale Mini) | +8.2 | +8.2 |
| EZBC (Franklin) | +7.3 | +7.3 |
| Other bitcoin funds (net) | 0.0 | 0.0 |
| Bitcoin ETFs total | +524.8 | +1,074.7 |
| ETHA (BlackRock) | −29.3 | −157.7 |
| ETH (Grayscale Mini) | +28.1 | +31.4 |
| FETH (Fidelity) | +13.0 | +10.6 |
| ETHE (Grayscale) | 0.0 | −1.9 |
| Other ether funds (net) | +3.1 | +3.1 |
| Ether ETFs total | +14.9 | −114.5 |
| MSOL | +0.6 | +0.6 |
| BSOL (Bitwise) | 0.0 | −4.9 |
| GSOL (Grayscale) | 0.0 | −2.6 |
| FSOL (Fidelity) | 0.0 | −1.8 |
| Solana ETFs total | +0.6 | −8.7 |
Source: Farside Investors, US-listed spot funds; the week to date covers Monday to Wednesday. “Other ether funds” is MSSE (+1.3), ETHW (+0.9) and EZET (+0.9); the remaining funds in each category were at zero all week.
Bitcoin funds are now up $460.0 million in October after 15 sessions, having been down $64.8 million on Tuesday. IBIT is up $1,119.6 million this month, while FBTC is down $339.2 million and ARK’s ARKB $205.1 million.
Ether funds are still down $1,069.6 million for the month, with only two inflow days, 13 and 21 Oct. Solana funds are down about $59.0 million. Flows record what authorised participants created and redeemed; they are not a forecast.
The money arrived on a day bitcoin held above $84,250 through the US session. By 03:55 UTC on Thursday it had slipped to about $82,760 on Kraken, 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.