US spot bitcoin ETFs took in a net $17.2 million on Thursday, 29 Oct, according to Farside data, a fourth straight day of inflows but the smallest of the week. CryptoWatchDesk’s last ETF Desk covered Wednesday’s $137.3 million inflow.
The money was spread more widely than on Wednesday. BlackRock’s IBIT added $12.8 million, Fidelity’s FBTC $10.5 million, Bitwise’s BITB $8.8 million and Morgan Stanley’s MSBT $4.2 million. Grayscale’s Bitcoin Mini Trust lost $15.3 million and WisdomTree’s BTCW $3.8 million.
Ether funds lost a net $105.5 million, a fourth straight day of outflows and the largest of the week. BlackRock’s ETHA shed $71.7 million. Solana funds lost $27.7 million, $23.7 million of it from Bitwise’s BSOL.
These flows cover Thursday’s US trading hours. The first large transfer out of a Binance wallet came at 20:24 UTC, after the US close, so none of this reflects the Binance hack. Friday’s flows will be the first to do so.
| Fund | Net flow, 29 Oct ($M) | October to date ($M) |
|---|---|---|
| IBIT (BlackRock) | +12.8 | +1,165.8 |
| FBTC (Fidelity) | +10.5 | −553.5 |
| ARKB (ARK 21Shares) | 0.0 | −314.5 |
| GBTC (Grayscale) | 0.0 | −130.7 |
| BITB (Bitwise) | +8.8 | −58.4 |
| MSBT (Morgan Stanley) | +4.2 | +34.6 |
| Other bitcoin funds (net) | −19.1 | −16.0 |
| Bitcoin ETFs total | +17.2 | +127.3 |
| ETHA (BlackRock) | −71.7 | −1,343.9 |
| FETH (Fidelity) | +2.9 | +39.3 |
| ETHE (Grayscale) | −15.5 | −97.6 |
| Other ether funds (net) | −21.2 | −49.3 |
| Ether ETFs total | −105.5 | −1,451.5 |
| BSOL (Bitwise) | −23.7 | |
| GSOL (Grayscale) | −4.0 | |
| Solana ETFs total | −27.7 |
Source: Farside Investors, US-listed spot funds, October to date over 21 sessions. The 29 Oct “other bitcoin” figure is Grayscale’s Bitcoin Mini Trust (−15.3) and WisdomTree’s BTCW (−3.8); for the month, other bitcoin funds are EZBC (+12.0), Bitcoin Mini Trust (−11.1), BTCO (−8.3), HODL (−4.8) and BTCW (−3.8). The 29 Oct “other ether” figure is ETHB (−15.6) and Grayscale’s ETH Mini (−5.6). Solana month-to-date figures are not shown.
The week to date is $440.8 million positive for bitcoin funds after four sessions. IBIT has taken $410.6 million of that. For ether funds, the week is $275.7 million negative, with ETHA down $314.5 million.
October is $127.3 million positive for bitcoin funds with one session left, after sitting $313.5 million in the red at last Friday’s close. IBIT is up $1,165.8 million for the month, while FBTC is down $553.5 million and ARKB $314.5 million.
Ether funds are down $1,451.5 million for October, $1,343.9 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 $78,189 on Kraken at 04:47 UTC on Friday, after falling to $76,330 overnight; this morning’s First Print has the levels.
This article is for information only and is not investment advice.