Key Takeaways
- • US spot Bitcoin ETFs posted approximately $301.2 million in net inflows for the week ending October 23, reversing two consecutive weeks of outflows, according to Farside Investors data.
- • Thursday, October 22 saw a $635.6 million Bitcoin ETF outflow, the largest single-day outflow since June 25 per SoSoValue, with BlackRock's IBIT and Fidelity's FBTC accounting for roughly 74% of the day's withdrawals.
- • BlackRock's iShares Bitcoin Trust (IBIT) attracted $565.7 million over the week, while the remaining Bitcoin funds collectively lost approximately $264.5 million.
- • Ether ETFs lost approximately $220.7 million over the week, extending their outflow streak to four consecutive weeks, with BlackRock's ETHA accounting for $233.2 million in redemptions.
- • XRP spot ETFs attracted $3.55 million on October 22, led by Franklin Templeton's XRPZ, while Solana ETFs lost approximately $17.6 million across the five sessions per Farside.
Summary
US spot Bitcoin ETFs finished the week ending October 23 with approximately $301.2 million in net inflows, according to FinanceFeeds, reversing two consecutive weeks of withdrawals. The result came despite a $635.6 million exodus on Thursday, October 22, and a further $137.9 million outflow on Friday. Friday's figures remain provisional because VanEck's HODL flow had not been reported in Farside's October 24 table.
The weekly gain was narrowly supported by BlackRock's iShares Bitcoin Trust (IBIT), which attracted $565.7 million over five sessions, while the remaining Bitcoin funds collectively lost approximately $264.5 million, per Farside Investors data. Bitcoin funds accumulated $1.07 billion across the first three sessions, led by Monday's $526.7 million inflow, before surrendering $773.5 million across Thursday and Friday. SoSoValue characterized Thursday's session as the largest single-day Bitcoin ETF outflow since June 25. Fidelity's Wise Origin Bitcoin Fund (FBTC) shed $217.5 million that day, and ARK 21Shares' ARKB followed with $109.4 million in redemptions.
Ether ETFs moved in the opposite direction. Farside data show approximately $220.7 million in net withdrawals over the five-session week, extending the losing streak to four consecutive weeks, following roughly $320.1 million in outflows the prior week. BlackRock's ETHA accounted for $233.2 million in weekly redemptions, partially offset by subscriptions into competing funds. Friday's reported $4.4 million inflow, led by Fidelity's FETH, offered limited relief.
Alternative crypto ETFs showed mixed results. According to SoSoValue, XRP spot ETFs attracted $3.55 million on October 22, with Franklin Templeton's XRPZ accounting for the subscriptions, making XRP the only category among Bitcoin, Ethereum, Solana and XRP to post positive net flows that session. Solana ETFs posted approximately $8.51 million in net withdrawals on the same day per SoSoValue, while Farside showed $8.9 million, and approximately $17.6 million in Solana outflows across the week.
The next macro catalyst is the Federal Reserve's October 27-28 policy meeting, with Bitcoin trading around $80,800 during Saturday's commentary. Past FOMC decisions produced contrasting flows: Bitcoin ETFs took in about $32.1 million after the July 29 hold at 3.50%-3.75%, while outflows of roughly $295.9 million followed the September 16 25-basis-point increase, reversing to $159.5 million in inflows the next day. The source notes these patterns do not establish causation. ETF flows also measure net share creations and redemptions rather than every spot trade, and do not prove equivalent dollar amounts of Bitcoin were sold on spot exchanges.
The weekly gain was narrowly supported by BlackRock's iShares Bitcoin Trust (IBIT), which attracted $565.7 million over five sessions, while the remaining Bitcoin funds collectively lost approximately $264.5 million, per Farside Investors data. Bitcoin funds accumulated $1.07 billion across the first three sessions, led by Monday's $526.7 million inflow, before surrendering $773.5 million across Thursday and Friday. SoSoValue characterized Thursday's session as the largest single-day Bitcoin ETF outflow since June 25. Fidelity's Wise Origin Bitcoin Fund (FBTC) shed $217.5 million that day, and ARK 21Shares' ARKB followed with $109.4 million in redemptions.
Ether ETFs moved in the opposite direction. Farside data show approximately $220.7 million in net withdrawals over the five-session week, extending the losing streak to four consecutive weeks, following roughly $320.1 million in outflows the prior week. BlackRock's ETHA accounted for $233.2 million in weekly redemptions, partially offset by subscriptions into competing funds. Friday's reported $4.4 million inflow, led by Fidelity's FETH, offered limited relief.
Alternative crypto ETFs showed mixed results. According to SoSoValue, XRP spot ETFs attracted $3.55 million on October 22, with Franklin Templeton's XRPZ accounting for the subscriptions, making XRP the only category among Bitcoin, Ethereum, Solana and XRP to post positive net flows that session. Solana ETFs posted approximately $8.51 million in net withdrawals on the same day per SoSoValue, while Farside showed $8.9 million, and approximately $17.6 million in Solana outflows across the week.
The next macro catalyst is the Federal Reserve's October 27-28 policy meeting, with Bitcoin trading around $80,800 during Saturday's commentary. Past FOMC decisions produced contrasting flows: Bitcoin ETFs took in about $32.1 million after the July 29 hold at 3.50%-3.75%, while outflows of roughly $295.9 million followed the September 16 25-basis-point increase, reversing to $159.5 million in inflows the next day. The source notes these patterns do not establish causation. ETF flows also measure net share creations and redemptions rather than every spot trade, and do not prove equivalent dollar amounts of Bitcoin were sold on spot exchanges.
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