US spot bitcoin ETFs took in a net $137.3 million on Wednesday, 28 Oct, according to Farside data, a third straight day of inflows. BlackRock’s IBIT added $136.0 million and Bitwise’s BITB $1.3 million. CryptoWatchDesk’s last ETF Desk covered Tuesday’s $176.0 million inflow.
Every other bitcoin fund reported a flat day, Fidelity’s FBTC included, after its first inflow of the week on Tuesday. Wednesday was the day of the Federal Reserve’s rate decision; the flows count shares created during US trading hours, before and around the announcement.
Ether funds lost a net $21.4 million, a third day of outflows but the smallest of the week. BlackRock’s ETHA shed $44.8 million, while Fidelity’s FETH took in $18.8 million. Solana funds lost $5.7 million, all of it from Bitwise’s BSOL.
| Fund | Net flow, 28 Oct ($M) | October to date ($M) |
|---|---|---|
| IBIT (BlackRock) | +136.0 | +1,153.0 |
| FBTC (Fidelity) | 0.0 | −564.0 |
| ARKB (ARK 21Shares) | 0.0 | −314.5 |
| GBTC (Grayscale) | 0.0 | −130.7 |
| BITB (Bitwise) | +1.3 | −67.2 |
| MSBT (Morgan Stanley) | 0.0 | +30.4 |
| Other bitcoin funds (net) | 0.0 | +3.1 |
| Bitcoin ETFs total | +137.3 | +110.1 |
| ETHA (BlackRock) | −44.8 | −1,272.2 |
| FETH (Fidelity) | +18.8 | +36.4 |
| ETHE (Grayscale) | 0.0 | −82.1 |
| Other ether funds (net) | +4.6 | −28.1 |
| Ether ETFs total | −21.4 | −1,346.0 |
| BSOL (Bitwise) | −5.7 | |
| Solana ETFs total | −5.7 |
Source: Farside Investors, US-listed spot funds, October to date over 20 sessions. “Other bitcoin funds” is EZBC (+12.0), BTC Mini (+4.2), BTCO (−8.3) and HODL (−4.8) for the month. The 28 Oct “other ether” figure is Grayscale’s ETH Mini (+3.6) and Morgan Stanley’s MSSE (+1.0). Solana month-to-date figures are not shown.
The week to date is $423.6 million positive for bitcoin funds after three sessions. IBIT has taken $397.8 million of that. For ether funds, the week is $170.2 million negative, with ETHA down $242.8 million.
October is now $110.1 million positive for bitcoin funds, from $27.2 million in the red at Tuesday’s close and $313.5 million at Friday’s. The month still rests on one fund: IBIT is up $1,153.0 million, while FBTC is down $564.0 million and ARKB $314.5 million.
Ether funds are down $1,346.0 million for October, $1,272.2 million of it from ETHA. Flows record shares created and redeemed; they are not a forecast. For how the funds hand back assets, see how in-kind ETF redemptions work.
Bitcoin was near $80,026 on Kraken at 04:51 UTC on Thursday, after slipping below $80,000 overnight; this morning’s First Print has the levels.
This article is for information only and is not investment advice.